1,1637. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1690 (53 pips). The downtrend should continue to gather momentum.
- 1,1690 - 1,1815
- 1,1610 - 1,1560