USD/CAD - US Dollar Canadian Dollar, American Session - 27/03/08
1,0189. There is an horizontal range between 1,0130 and 1,0210. Support and resistance are given by Bollinger bands. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. 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
- 1,0230 - 1,0275
- Supports
- 1,0160 - 1,0130
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