USDCAD ANALYSIS

USD/CAD - US Dollar Canadian Dollar
Short term (Intraday)
1,0628. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,0610 and 1,0740. 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 bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0620. If the support is broken then the target will be 1,0520 (110 pips).
=> We could take a short position at 1,0630. We will put the stop loss above 1,0660 (-30 pips). The targets are 1,0550 (+80 pips) 1,0520 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,0635 - 1,0655
Supports
1,0615 - 1,0590