1,0292. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The price is just bellow 1,0325 resistance. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,0325. If the resistance is broken then the target will be 1,0375. We won't take a position. The risk/reward ratio is too high to take a position..
- 1,0300 - 1,0325
- 1,0270 - 1,0250