USD/CAD - US Dollar Canadian Dollar
Short term (Intraday)
1,0109. USD CAD broke 1,0150 support. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0060. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0120 - 1,0150
- Supports
- 1,0085 - 1,0060
updated 06 mai 2008 05:58 GMT +02:00
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