USD CAD tests the ceiling strength 11/02/2013
Economies.com
2013-02-11 06:01AM UTC
The pair provides positive trading testing the critical resistance level 1.0030, which we mentioned previously that it represents the protection factor of the intraday bearish trend scenario.
Stochastic loses the bullish momentum hitting the overbought levels, which encourages us to continue in our expectations to move lower unless witnessing a daily close above 1.0030.
The waited targets for today located at 0.9870.
Expected trading range for today is between: 0.9870 support and 1.0100 resistance.
Expected trend for today: Bearish
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