USD CAD finds good ceiling 07/01/2013

2013-01-07 05:26:21 GMT (Economies.com)
USD CAD finds good ceiling 07/01/2013
 

The pair attempted to breach above 0.9885 but the EMA50 managed to form a solid resistance barrier that prevented the price from more upside actions, thus, the trading remained settled below the mentioned level, which allows us to continue with our bearish trend expectations, targeting 0.9800 followed by 0.9700

 

Expected trading range for today is between: 0.9750 support and 0.9950 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1140
0.0042
0.3789%
1.2289
0.0135
1.1107%
17.418
0.314
1.834%
53.880
-0.920
1.679%
59.10
-0.82
1.37%
1526.175
13.910
0.920%
 
 
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