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)

0,9800. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 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). The price should find a support above 0,9750.

Resistances
0,9835 - 0,9870
Supports
0,9760 - 0,9700
updated 27 févr 2008 13:34 GMT +02:00

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