USD CAD is back to calm trading 22/01/2013

2013-01-22 05:41:19 GMT (Economies.com)
USD CAD is back to calm trading 22/01/2013
 

 

The pair shows narrow trading range since yesterday, and settles near the minor bearish channel resistance appears in the above chart, accompanied with Stochastic reaching the overbought levels, these technical factors make us prefer witnessing a bearish bias for today targeting initially 0.9800 followed by 0.9740.

 

Breaching 0.9940 will open the way for heading towards testing 1.0030 

 

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

 

Expected trend for today: Bearish

 

 

 

 
 
 
  Symbol Last Change Chg.%
1.1238
-0.0035
0.3087%
1.2537
-0.0038
0.3050%
16.319
1.101
7.234%
55.947
-4.385
7.268%
62.94
0.97
1.57%
1438.260
22.765
1.608%
 
 
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