USD/CAD - US Dollar Canadian Dollar, European Session - 09/05/08
1,0137. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,0000 / 1,0250 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0150 - 1,0180
- Supports
- 1,0100 - 1,0000
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