USD CAD is back to decline 02/01/2013
Economies.com
2013-01-02 05:54AM UTC
The pair begins today’s trading with clear negativity to break 0.9885, and as we mentioned in our previous reports, breaking below this level will turn the price back to the bearish trend again.
Stochastic offers clear negative signals on the daily time frame, and that encourages us to prefer the bearish trend for today and the targets begin at 0.9800 followed by 0.9700, while achieving it requires holding below 0.9885.
Expected trading range for today is between: 0.9700 support and 0.9915 resistance.
Expected trend for today: Bearish
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