USD CAD below the horizontal resistance 17/01/2013
Economies.com
2013-01-17 05:56AM UTC
The pair remains stable below 0.9885, and it’s showing sideways and tight trading range since days, and this makes Stochastic loses the positive momentum gradually, while EMA50 is forming an extra protection factor for the mentioned resistance.
Therefore, we are continuing in our bearish trend expectations which remain valid unless 0.9885 was breached and then the price might head to a new retesting to 1.0030
Expected trading range for today is between: 0.9700 support and 0.9900 resistance.
Expected trend for today: Bearish
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