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USD CAD Technical Analysis December 12, 2018

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USD CAD Technical Analysis December 12, 2018

The USD declined 0.04% against the CAD on Tuesday and closed at 1.3388. Today in European session while USD CAD technical analysis December 12, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3380, which is 0.05% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.3350 and a fall through could take it to the next support level of 1.3323. The pair is expected to find its first resistance at 1.3415, and a rise through could take it to the next resistance level of 1.3442. For today the expected trading range is between 1.3323, Support and 1.3461 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3370 Support 2: 1.3350 Support 3: 1.3323
Resistance Levels: Resistance 1: 1.3415 Resistance 2: 1.3442 Resistance 3: 1.3461

USD/CAD Buying Opportunity for Intraday Trading December 12, 2018

Buy near the support area 1.3350 and 1.3323 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 12, 2018

Sell near the resistance area 1.3415 and 1.3442 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis December 12, 2018
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