1,2348. 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 is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2430 (82 pips). The downtrend should continue to gather momentum.
- 1,2430 - 1,2505
- 1,2315 - 1,2200