USD CAD stuck in the middle 21/11/2012
Economies.com
2012-11-21 05:50AM UTC
The pairs’ decline stopped in the middle between 61.8% and 50% Fibonacci levels shown in the image, while Stochastic enters the oversold levels to offer chances for some temporary sideways range fluctuation.
In general, the main bearish trend remains valid and preferred, requires two main conditions to be achieved, first: clear breach to 0.9885, and the second is stability below 1.0030
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for today: Bearish
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