1,0796. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.
Resistances
1,0845 - 1,0830
Supports
1,0780 - 1,0760

tags: Forex, usdcad
author: Arnaud Jeulin
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