USD/CAD - US Dollar Canadian Dollar Short term (Intraday) USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The price is just above 1,1910 support. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The downtrend should continue to gather momentum. We could take a short position at 1,1960. We will put the stop loss above 1,1990 (-30 pips). The major target is 1,1800 (+160 pips). This is a dangerous trade, take care and put your stop loss. Resistances : 1,1965 - 1,2040 - 1,2085 - 1,2100 Supports : 1,1910 - 1,1800 Chart :
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