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