USD/CAD - US Dollar Canadian Dollar, American Session - 15/04/08
1,0211. USD CAD is in a range between 1,0130 and 1,0270. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0240 - 1,0270
- Supports
- 1,0180 - 1,0130
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