USD CAD returns to the channel 21/08/2013
Economies.com
2013-08-21 05:43AM UTC
The pair closed yesterday’s trading at the bullish channel’s support, starting today’s trading with clear positivity to be trading inside this channel, noticing that the price is approaching from drawing a double bottom pattern that appears in the image, where its neckline is located at 1.0440, which means that breaching above this level will provide bullish targets reach towards 1.0640
Now, we prefer staying aside in order to monitor the price behavior according to the next intraday trend keys, which represented by 1.0340 support and 1.0440 resistance.
Expected trading range for today is between: 1.0300 support and 1.0540 resistance.
Expected trend for today: Neutral
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