USD CAD attempts to bounce 22/02/2013
Economies.com
2013-02-22 05:10AM UTC
The pair’s trading stopped at the correctional bearish channel resistance and the price showed some bearish bias from there, supported by the negativity that offered clearly by Stochastic, which reinforces our expectations for a preferred decline on the intraday basis that is mainly targeting 1.0030 followed by 0.9885
Note that the price stability below 1.0200 is important for continuing our bearish trend expectations for today.
Expected trading range for today is between: 1.0000 support and 1.0300 resistance.
Expected trend for today: Bearish
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