1,1308. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1360 (52 pips). The downtrend should continue to gather momentum.
Resistances
1,1360 - 1,1405
Supports
1,1300 - 1,1250

tags: Forex, usdcad
author: Arnaud Jeulin
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