USD CAD awaits the reversal 19/11/2012

2012-11-19 05:40:47 GMT (Economies.com)
 

The pair still stable near to 1.0030 and attempting to maintain the stability below, which encourages us to continue in our expected bearish bias on the intraday and short basis.

 

The main waited target is attacking 0.9885 and attempting to breach it to ease the way towards 0.9700, while breaching above 1.0030 is considered as an annulment factor for the proposed bearish scenario.  

 

Expected trading range for this week is between: 0.9650 support and 1.0100 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2169
-0.0004
0.0316%
1.4148
0.0012
0.0881%
Tadawul
10322.68
86.96
0.85%
27.516
-0.288
1.038%
64.960
-0.432
0.661%
68.29
-0.07
0.10%
1833.565
-10.660
0.578%
 
 
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