USD CAD activates positive pattern 28/01/2013

2013-01-28 06:02:44 GMT (Economies.com)
USD CAD activates positive pattern 28/01/2013
 

The pair managed to breach above 1.0030, and settled with a daily close above it, to activate the double top pattern appears in the above chart, which it’s neckline represented by 1.0030.

 

Therefore, the bullish bias will be preferred on the intraday basis, and the expected targets begin at 1.0180 and it might extend to reach 1.0365, taking into consideration that trading below 1.0030 again will turn the bearish trend scenario, supported by Stochastic current negativity. 

 

Expected trading range for today is between: 0.9930 support and 1.0150 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1165
0.0002
0.0157%
1.2723
-0.0014
0.1123%
14.466
0.049
0.336%
63.169
0.487
0.778%
72.05
-0.16
0.22%
1277.795
0.030
0.002%
 
 
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