1,0150. USD CAD broke 1,0150 support. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0150. We will put the stop loss above 1,0190 (-40 pips). The targets are 1,0070 (+80 pips) 1,0000 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,0150 - 1,0190
1,0100 - 1,0070