USD CAD begins executing the scenario 10/12/2012

2012-12-10 05:34:24 GMT (Economies.com)
 

The pair starts today’s trading with bearish price gap that put it below 0.9885, which represents the first key to reinforce our bearish overview.

 

The price might need to cover this gap by leaning on 0.9885 before resuming the negative bias that initially targets 0.9800 followed by 0.9700 levels, while holding below 1.0030 is required to keep our scenario valid.

 

Expected trading range for today is between: 0.9750 support and 0.9925 resistance.

 

Expected trend for today: Bearish

 

 

 
 
 
  Symbol Last Change Chg.%
1.2165
-0.0008
0.0698%
1.4161
0.0025
0.1737%
Tadawul
10322.68
86.96
0.85%
27.520
-0.285
1.025%
65.030
-0.362
0.554%
68.32
0.02
0.03%
1834.830
-9.395
0.509%
 
 
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