1,0920. 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, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0940 (20 pips). The downtrend should continue to gather momentum.
Resistances
1,0940 - 1,1010
Supports
1,0840 - 1,0800

tags: Forex, usdcad
author: Arnaud Jeulin
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