USD CAD approaches the retest level 29/01/2013

2013-01-29 05:47:00 GMT (Economies.com)
USD CAD approaches the retest level 29/01/2013
 

The pair found a good resistance around 1.0100 that forces it to bounce lower approaching from retesting the previously breached neckline level at 1.0030, and as long as the trading is stable above this level, the bullish trend will be preferred on the intraday basis, and the targets at 1.0180.

 

Note that Stochastic negativity might be a reason pushes the price to return to the bearish trend by attempting to break below 1.0030.

 

Expected trading range for today is between: 1.0000 support and 1.0180 resistance.

 

Expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1205
0.0042
0.3740%
1.2713
-0.0024
0.1876%
14.565
0.147
1.023%
59.045
-3.636
5.801%
69.27
1.51
2.23%
1284.910
7.145
0.559%
 
 
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