USD CAD covers the gap 11/12/2012
Economies.com
2012-12-11 05:46AM UTC
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
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