USD/CAD - US Dollar Canadian Dollar Short term (Intraday)
1,1855. USD CAD is in an downtrend directed by 4H exponential moving averages. The volatility is low. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The uptrend should continue to gather momentum. The price should find a support above 1,1700. We could take a short position at 1,1860. We will put the stop loss above
1,1900 (-40 pips). The major target is 1,1700 (+160 pips). This is a dangerous trade, take care and put your stop loss. Resistances : 1,1970 - 1,1895 - 1,1910 Supports : 1,1835 - 1,1700 Chart :
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