USD CAD breaches 24/12/2012

Economies.com
2012-12-24 05:37AM UTC

The pair achieved a breach to 0.9885 and settled above it, to open the way for retesting 1.0030 which is considered as the most important level for the short term trend, where breaching above it will open the way for continuing the bullish trend followed by heading towards 1.0180

 

Now we need to stay aside temporarily, in order to monitor the price behavior according to the levels which represented by 0.9885 support and 1.0030 resistance.

 

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

 

Expected trend for today: Neutral

 

 

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