USD CAD covers the gap 11/12/2012

2012-12-11 05:46:42 GMT (Economies.com)
 

 

The pair managed to cover the price gap achieved yesterday, and kept the daily close stability below 0.9885, that offers more support for our bearish trend expectations on the short term basis which depend on the recent completion of the a rising wedge pattern.

 

Note that the suggested targets starting at 0.9800 followed by 0.9700

 

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

 

Expected trend for today: Bearish

 

 
 
 
  Symbol Last Change Chg.%
1.2163
-0.0010
0.0826%
1.4148
0.0012
0.0881%
Tadawul
10322.68
86.96
0.85%
27.509
-0.295
1.061%
64.943
-0.449
0.687%
68.30
0.01
0.01%
1834.735
-9.490
0.515%
 
 
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