USD CAD attempts to fall 16/11/2012

2012-11-16 06:01:23 GMT (Economies.com)
 

After continued fluctuating around 1.0030, the pair attempts to begin the waited bearish wave on the intraday basis, while the bearish trend is still preferred initially targeting 0.9885 level, supported by Stochastic on the daily time frame.

 

We must mention that breaching 1.0030 will decrease the chances of achieving the suggested bearish trend.

 

Expected trading range for today is between: 0.9800 support and 1.0100 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2169
-0.0004
0.0341%
1.4148
0.0012
0.0884%
Tadawul
10322.68
86.96
0.85%
27.515
-0.290
1.043%
64.979
-0.413
0.632%
68.46
0.13
0.19%
1833.395
-10.830
0.587%
 
 
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