USD CAD settled below the wedge 30/11/2012

2012-11-30 05:29:37 GMT (Economies.com)
 

The pair’s trading settled without the rising wedge support shown in the image, which encourages us to continue with our bearish trend scenario which depends on the negative effect for the mentioned pattern 

 

Our expected targets begin by attacking 0.9885 to open the way for heading towards 0.9800 followed by 0.9700, noting that breaching 1.0030 will weaken the chances of achieve these targets.

 

Expected trading range for today is between: 0.9800 support and 1.0030 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0001
0.0112%
1.3888
-0.0006
0.0425%
Tadawul
10228.35
-26.53
0.26%
27.299
0.780
2.941%
64.633
0.723
1.131%
68.13
-0.81
1.17%
1813.485
23.900
1.335%
 
 
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