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USD CAD is calm 06/03/2013
The pair continues in the mild bearish bias, while Stochastic attempts to gain some positive momentum, and hence the price is stable above 1.0180, our positive expectations remain valid, it might be preceded by retesting the mentioned level.
The waited targets start at 1.0365, and EMA50 supports the chances of achieving it.
Expected trading range for today is between: 1.0180 support and 1.0450 resistance.
Expected trend for today: Bullish
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USD JPY at the moving average 06/03/2013
The pair stands now at the EMA50, which acts as support at 93.00, where breaking below this level will push the price towards the sideways range support at 92.20
MoreGBP USD negotiates the retest level 06/03/2013
The pair remains stable below 1.5190, and this is the main factor that makes us continue in our bearish trend expectation on the short term basis, but we warn you that the last fluctuation near this level might draw a positive technical formation that has the ability to turn the price back to the previously broken bullish trend.
MoreEUR USD crawls to the upside 06/03/2013
The pair continues in its slight positive attempts, noting that the recorded top of yesterday’s trading at 1.3075 represents the key for the price rally towards more upside track, therefore breaching above this level will ease achieving the targets that we are waiting to begin at 1.3145 followed by 1.3215
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