1,0747. 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 find a resistance below 1,0800 (53 pips). The downtrend should continue on 1,0600 support (147 pips).
1,0800 - 1,0855
1,0735 - 1,0595

tags: Forex, usdcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.