USD CAD opens the way to decline – Analysis - 24/11/2014
Economies.com
2014-11-24 06:19AM UTC
The USDCAD settled below the bullish channel’s support after the strong break that was achieved on last Friday, which turns the intraday trading to the downside, to target areas that begin at 1.1140 and extend to 1.1040.
The EMA50 pushes negatively on the intraday trading to support the suggested decline, which will remain valid unless breaching 1.1276 followed by 1.1325 and hold above them.
Expected trading range for today is between: 1.1100 support and 1.1325 resistance.
Expected trend for today: Bearish
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