USD CAD under negative pressure 26/04/2013
Economies.com
2013-04-26 05:26AM UTC
The pair traded negatively yesterday touching 1.0180 level, and the negative bias appears clearly, as the price recorded lower high at 1.0292, which offers signals for the continuation of the negative pressure on the intraday trading.
Therefore, we prefer to stop aside now, as breaking below 1.0180 and 1.0135 will confirm more negative pressure, while holding above them will bring back the positive scenario which was suggest in our previous reports.
Expected trading range for today is between: 1.0080 support and 1.0295 resistance.
Expected trend for today: Neutral
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