USD CAD loses the momentum 14/05/2013
Economies.com
2013-05-14 05:23AM UTC
The EMA50 continues in stopping the pair’s attempts to rise, where the trading settles now below the bearish channel’s resistance, which reinforces our bearish trend scenario which mainly targets 0.9880
Stochastic loses its bullish momentum and that supports the negative overview, which remains valid unless breaching 1.0135 – 1.0180 to the upside.
Expected trading range for today is between: 1.0000 support and 1.0180 resistance.
Expected trend for today: Bearish
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