1,0720. USD CAD is in an downtrend directed by daily exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.
Resistances
1,0770 - 1,0800
Supports
1,0665 - 1,0590

tags: Forex, usdcad
author: Arnaud Jeulin
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