1,1570. There is an horizontal range between 1,1525 and 1,1590. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1510 (60 pips). The uptrend should continue to gather momentum.
- 1,1590 - 1,1640
- 1,1510 - 1,1420