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USD CAD Canadian Dollar

By:   Arnaud Jeulin
  • 2009-06-01
0
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Short term (Intraday)

1,1954. USD CAD broke 1,2060 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. We won't take a position.

Resistances
1,1990 - 1,2060

Supports
1,1870 - 1,1750

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Arnaud Jeulin - http://www.mataf.net/

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