USD CAD awaits the activation 27/11/2012

2012-11-27 05:39:19 GMT (Economies.com)
 

The pair fluctuates around the rising wedge support mentioned yesterday, which is located at 0.9920, where we noted that achieving clear breach for this level is important to activate the negative effect of the pattern.

 

In general, we are continuing in our bearish trend expectations which might be delayed because of Stochastic positivity, our targets begin at 0.9800, while achieving it requires stability below 1.0030

 

Expected trading range for today is between: 0.9800 support and 1.0030 resistance.

 

Expected trend for this week: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2162
-0.0011
0.0887%
1.4161
0.0025
0.1758%
Tadawul
10322.68
86.96
0.85%
27.535
-0.270
0.969%
65.160
-0.232
0.355%
68.35
0.03
0.04%
1833.880
-10.345
0.561%
 
 
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