1,2404. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. The price should find a support above 1,2330 (74 pips). If the support is broken then the target will be 1,2230 (174 pips).
1,2460 - 1,2570
1,2330 - 1,2230