1,1060. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,1075 (15 pips). If the resistance breaks then the target will be 1,1230 (170 pips).
- 1,1075 - 1,1150
- 1,1020 - 1,0945