AFP:USD/CAD - US Dollar Canadian Dollar, American Session - 02/10/08
1,0713. USD CAD broke 1,0680 resistance. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0800 resistance (87 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0720 - 1,0800
Supports
1,0680 - 1,0615
