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.
- 1,0855 - 1,0950
- 1,0760 - 1,0730