1,0059. USD CAD broke 1,0030 resistance. 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. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0130. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
1,0110 - 1,0130
1,0040 - 1,0000