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USD/CAD - US Dollar Canadian Dollar

Published 10/28/2008, 08:00 PM
Updated 07/09/2023, 06:31 AM

Short term (Intraday)

1,2850. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should continue to move in 1,2500 / 1,3020 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,2870 - 1,3020

Supports
1,2675 - 1,2500

 

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