0,9845. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 0,9800 / 0,9820. The consolidation should continue. If the support is broken then the target will be 0,9700 (140 pips). We won't take a position. The risk/reward ratio is too high to take a position..
0,9870 - 0,9900
0,9820 - 0,9800