USD CAD pushes negatively 30/01/2013

2013-01-30 05:12:07 GMT (Economies.com)
USD CAD pushes negatively 30/01/2013
 

The pair declined yesterday to break below 1.0030 and settled with a daily close below it, and this provides an initial signal for attempting to cancel the positive effect of the double top pattern that was mentioned previously, as monitoring the price move is required for today to be certain of the next trend, where more negative pressure and breaking 0.9910 will add more confirmation for the stopping of the mentioned pattern.

 

Stochastic provides an extra reason for the current decline, therefore, the neutrality is required now until getting clearer signals for trend.

 

Expected trading range for today is between: 0.9910 support and 1.0100 resistance.

 

Expected trend for today: Neutral

 

 
 
 
  Symbol Last Change Chg.%
1.1073
-0.0025
0.2239%
1.2233
0.0079
0.6483%
17.154
0.049
0.288%
54.290
-0.510
0.931%
59.08
-0.83
1.39%
1505.440
-6.825
0.451%
 
 
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