USD CAD retests 14/08/2013
Economies.com
2013-08-14 05:19AM UTC
The pair is retesting the previously broken bullish channel’s support, where it is effected by Stochastic positivity, while holding below this support – at 1.0355 – is considered as the most important factor for the continuation of the intraday bearish trend expectations, and the target at 1.0170
Breaching 1.0355 will open the way for targeting areas that begin at 1.0600
Expected trading range for today is between: 1.0170 support and 1.0400 resistance.
Expected trend for today: Bearish
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