USD CAD heads to retest 28/02/2013

Economies.com
2013-02-28 05:32AM UTC

 

The pair shows slight bearish bias approaching from the retest level 1.0180, and as long as the price is above this level, the intraday bullish trend will remain valid, and we must be aware that stochastic is pushing negatively on the price now.

 

The waited target is located at 1.0365, while breaking below 1.0180 will return the main bearish trend scenario again.

 

Expected trading range for today is between: 1.0180 support and 1.0365 resistance.

 

Expected trend for today: Bullish

 

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