USD CAD retests 04/01/2013

2013-01-04 05:24:40 GMT (Economies.com)
USD CAD retests 04/01/2013
 

The pair provides some bullish bias to retest 0.9885, where it is affected by Stochastic current positivity, but in general, the daily close stability below the mentioned level will keep our bearish trend expectations valid and the first target at 0.9800

 

Note that holding above 0.9885 will force us to stay neutral again, where a move to the upside might push the price to test 1.0030

 

Expected trading range for today is between: 0.9750 support and 0.9950 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1205
0.0042
0.3740%
1.2713
-0.0024
0.1876%
14.565
0.147
1.023%
59.045
-3.636
5.801%
69.27
1.51
2.23%
1284.910
7.145
0.559%
 
 
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