1,2285. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2340 (55 pips). The downtrend should continue to gather momentum.
- 1,2340 - 1,2360
- 1,2250 - 1,2200