USD CAD retests 04/12/2012
Economies.com
2012-12-04 05:48AM UTC
The pair is fluctuating at the retest level of the breached rising wedge support, and the narrow trading dominates the price move, this trading makes Stochastic loses the positive momentum gradually, to signal to the positive attempts weakness.
Therefore, we continue in our bearish trend expectations and it’s targets begin at 0.9800 while achieving it requires stability below 1.0030
Expected trading range for today is between: 0.9800 support and 1.0100 resistance.
Expected trend for today: Bearish
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