USD CAD finds solid floor 28/11/2012

2012-11-28 05:30:13 GMT (Economies.com)
 

The pair still can’t break the rising wedge support line shown in the image, as Stochastic is supporting this level –at 0.9920-, while we still need a clear break for this level to resume the expected bearish trend for the pair.

 

We remind you the breaching above 1.0030 will weaken the chances of achieving the waited bearish moves.

 

Expected trading range for today is between: 0.9800 support and 1.0030 resistance.

 

Expected trend for this week: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0734%
1.3893
-0.0001
0.0043%
Tadawul
10228.35
-26.53
0.26%
27.319
0.800
3.017%
64.818
0.908
1.421%
68.18
-0.77
1.12%
1814.825
25.240
1.410%
 
 
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