USD/CAD - US Dollar Canadian Dollar
Short term (Intraday)
1,0033. USD CAD broke 1,0150 support. USD CAD broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9900 (135 pips). The price should find a support above 1,0000.
- Resistances
- 1,0100 - 1,0220
- Supports
- 1,0000 - 0,9900
updated 24 janv 2008 21:53 GMT +02:00
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