USD CAD finds good support 08/02/2013
Economies.com
2013-02-08 05:17AM UTC
The pair finds good support at the EMA50, which prevents the price from achieving the waited decline, while stochastic supports the current levels’ strength.
In general, we continue suggesting the bearish trend on the intraday and short term basis, noting that this decline requires break to 0.9925 followed by 0.9860 levels, besides settling below 1.0030
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for today: Bearish
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