USD CAD touches a solid resistance 12/11/2012

2012-11-12 06:09:09 GMT (Economies.com)
 

The pair hit the critical resistance level 1.0030 again and bounced lower from there, accompanied with stochastic entering oversold levels, which support our scenario of continuing the general bearish trend which is protected now by stability below the mentioned level.

 

The waited targets mainly start by attacking the 0.9885 support that will ease the way for extended targets towards 0.9700

 

Expected trading range for this week is between: 0.9700 support and 1.0150 resistance.

 

Expected trend for this week: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2059
0.0006
0.0477%
1.3891
-0.0003
0.0227%
Tadawul
10228.35
-26.53
0.26%
27.305
0.786
2.966%
64.740
0.830
1.299%
68.16
-0.79
1.15%
1813.785
24.200
1.352%
 
 
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