1,1048. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.
Resistances
1,1120 - 1,1230
Supports
1,0980 - 1,0900

tags: Forex, usdcad
author: Arnaud Jeulin
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