USD CAD fails to settle 16/05/2013
Economies.com
2013-05-16 05:32AM UTC
For the second consecutive day, the pair couldn’t settle with a daily candlestick close above 1.0180, which makes us continue in our neutral attitude, where the bullish trend still not confirmed yet.
The contradiction between Stochastic negativity and the EMA50 positivity is another reason for the neutrality, and we should monitor the daily close according to 1.0110 support and 1.0180 resistance to get clearer signal for the trend.
Expected trading range for today is between: 1.0035 support and 1.0270 resistance.
Expected trend for today: Neutral
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