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USD CAD Technical Analysis December 5, 2018

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USD CAD Technical Analysis December 5, 2018

The USD rose 0.49% against the CAD on Tuesday and closed at 1.3260. Today in European session while USD CAD technical analysis December 5, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3280, which is 0.15% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.3193 and a fall through could take it to the next support level of 1.3127. The pair is expected to find its first resistance at 1.3295, and a rise through could take it to the next resistance level of 1.3330. For today the expected trading range is between 1.3193, Support and 1.3330 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3193 Support 2: 1.3127 Support 3: 1.3093
Resistance Levels: Resistance 1: 1.3295 Resistance 2: 1.3330 Resistance 3: 1.3397

USD/CAD Buying Opportunity for Intraday Trading December 5, 2018

Buy near the support area 1.3193 and 1.3127 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

USD/CAD Selling Opportunity for Intraday Trading December 5, 2018

Sell near the resistance area 1.3295 and 1.3330 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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