USD CAD approaches the channel’s support 23/07/2013
Economies.com
2013-07-22 23:55PM UTC
The pair managed to break below the EMA50 at 1.0355 settling with a daily close below it, reinforcing our expectations for the intraday bearish trend which targets testing the bullish channel support at 1.0285
Monitoring the price behavior is important when reaching the mentioned target, where confirming breaking this level will make the decline extends initially towards 1.0130
Expected trading range for today is between: 1.0200 support and 1.0400 resistance.
Expected trend for today: Bearish
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