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USD CAD Technical Analysis February 7, 2019

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USD CAD Technical Analysis February 7, 2019

The USD rose 0.65% against the CAD on Wednesday and closed at 1.3210. Today in European session while USD CAD technical analysis February 7, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3232, which is 0.16% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3150 and a fall through could take it to the next support level of 1.3090. The pair is expected to find its first resistance at 1.3242, and a rise through could take it to the next resistance level of 1.3273. For today the expected trading range is between 1.3150, Support and 1.3273 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3150 Support 2: 1.3090 Support 3: 1.3060
Resistance Levels: Resistance 1: 1.3242 Resistance 2: 1.3273 Resistance 3: 1.3333

USD/CAD Buying Opportunity for Intraday Trading February 7, 2019

Buy near the support area 1.3150 and 1.3090 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 February 7, 2019

Sell near the resistance area 1.3342 and 1.3273 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 February 7, 2019
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