USD CAD rises calmly 20/02/2013

Economies.com
2013-02-20 05:52AM UTC

The pair trades with calm bullish bias approaching gradually from the main target at 1.0180, while Stochastic keeps supporting the intraday bullish wave.

 

Therefore, the bullish trend will be preferred for today and monitoring the price when reaching the waited target is required, where this level represents the correctional bearish channel resistance that appears in the image, and breaching above it will provide upside targets might reach towards 1.0365

 

Expected trading range for today is between: 0.9970 support and 1.0250 resistance.

 

Expected trend for today: Bullish

 

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