USD CAD attacks the waited support 26/11/2012

2012-11-26 05:40:55 GMT (Economies.com)
 

The pair declined to begin the attempts of breaching the rising wedge support shown in the image, where the price needs a confirmed breach to 0.9920 level in order to activate the pattern’s negative effect.

 

In general, the previous expected bearish trend scenario remains valid and active, and the main targets begin at 0.9800 followed by 0.9700, while achieving it requires 1.0030 steadiness against any attempt for moving higher.

 

Expected trading range for this week is between: 0.9700 support and 1.0100 resistance.

 

Expected trend for this week: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0220%
1.3887
-0.0007
0.0522%
Tadawul
10228.35
-26.53
0.26%
27.320
0.801
3.022%
64.768
0.858
1.343%
68.13
-0.83
1.20%
1814.145
24.560
1.372%
 
 
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