1,0794. 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 (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0840 (46 pips). The downtrend should continue to gather momentum.
Resistances
1,0855 - 1,0950
Supports
1,0760 - 1,0730

tags: Forex, usdcad
author: Arnaud Jeulin
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