US Dollar Canadian Dollar (USD/CAD) - 27/02/2008 - Archive

USD/CAD - US Dollar Canadian Dollar

USD/CAD - US Dollar Canadian Dollar

Short term (Intraday)

0,9802. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450 (350 pips).

Resistances
0,9835 - 0,9870
Supports
0,9780 - 0,9740
updated 27 févr 2008 06:17 GMT +02:00

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