The moving average stops the USD CAD 01/04/2013
Economies.com
2013-04-01 05:32AM UTC
The EMA50 showed strong support against the pair’s attempts to decline, supported by stochastic positivity, while the price remained stable inside the bearish correctional channel.
Therefore, the bearish trend will be preferred targeting 1.0035 initially, noting that stability below 1.0180 is the main condition to keep these expectations valid.
Expected trading range for today is between: 1.0035 support and 1.0230 resistance.
Expected trend for today: Bearish
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