1,2294. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2360 (66 pips). The downtrend should continue to gather momentum.
Resistances
1,2360 - 1,2500
Supports
1,2200 - 1,2150