USD CAD within conflicted channels 18/02/2013
Economies.com
2013-02-18 05:33AM UTC
The pair closed the last week trading above 1.0030, and attempts to cancel the formation of the double top pattern that was mentioned previously, where Stochastic provides positive signal supports more of the intraday upside move.
Now, we need to stay aside temporarily, in order to monitor the price behavior according to the critical levels that represented by 1.0085 as resistance which breaching it to the upside will push the price towards 1.0180, and 1.0030 as support where breaking below it will turn the pair back to the bearish bias again.
Expected trading range for today is between: 0.9950 support and 1.0180 resistance.
Expected trend for today: Neutral
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