USD CAD awaits the activation 27/11/2012
Economies.com
2012-11-27 05:39AM UTC
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
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