USD CAD starts the breaking attempts 29/11/2012

2012-11-29 05:45:37 GMT (Economies.com)
 

The pair still pushing negatively on the rising wedge support shown in our previous reports, and begins today’s trading below this support which is moving higher to reach 0.9925, and that supports the continuation on our bearish trend  scenario on the intraday and short term basis.

 

Note that breaching 0.9885 will accelerate the expected bearish trend.

 

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

 

Expected trend for this week: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0001
0.0116%
1.3889
-0.0005
0.0367%
Tadawul
10228.35
-26.53
0.26%
27.349
0.830
3.130%
64.871
0.961
1.504%
68.42
-0.54
0.78%
1814.945
25.360
1.417%
 
 
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