1,1652. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1470 / 1,1680 range. If the resistance breaks then the target will be 1,1800 (148 pips).
- 1,1680 - 1,1800
- 1,1600 - 1,1480