USD CAD returns to the channel 02/08/2013
Economies.com
2013-08-02 00:19AM UTC
The pair managed to provide clear positive trading to return to be trading above the bullish channel’s support and above the EMA50, which makes the intraday bullish trend preferred for today, if the trading remained above 1.0305
We note that Stochastic keeps losing its bullish momentum gradually, which might weak the waited bullish bias for today.
Expected trading range for today is between: 1.0200 support and 1.0500 resistance.
Expected trend for today: Bullish
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