USD CAD below the moving average 06/12/2012

2012-12-06 05:51:59 GMT (Economies.com)
 

The pairs’ trading settled below EMA50, while Stochastic offered negative crossing signals on the daily time frame that reinforces our expectations of the bearish trend which mainly depends on breaking the rising wedge support shown in the image.

 

Our main targets begin at 0.9800, and the chances of achieving it remain valid unless 1.0030 was breached

 

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

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0001
0.0091%
1.3888
-0.0006
0.0446%
Tadawul
10228.35
-26.53
0.26%
27.319
0.799
3.015%
64.622
0.712
1.114%
68.13
-0.81
1.17%
1813.945
24.360
1.361%
 
 
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