1,1508. USD CAD broke the downtrend to begin a bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,1480 (28 pips). The consolidation should continue. If the support breaks then the target will be 1,1250 (258 pips).
Resistances
1,1540 - 1,1600
Supports
1,1480 - 1,1420

tags: Forex, usdcad
author: Arnaud Jeulin
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