USD CAD Technical Analysis January 24, 2019
The USD declined 0.09% against the CAD on Wednesday and closed at 1.3340. Today in European session while USD CAD technical analysis January 24, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3350, which is 0.07% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3307 and a fall through could take it to the next support level of 1.3272. The pair is expected to find its first resistance at 1.3372, and a rise through could take it to the next resistance level of 1.3403. For today the expected trading range is between 1.3307, Support and 1.3403 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3307 Support 2: 1.3272 Support 3: 1.3241
Resistance Levels: Resistance 1: 1.3372 Resistance 2: 1.3403 Resistance 3: 1.3437
USD/CAD Buying Opportunity for Intraday Trading January 24, 2019
Buy near the support area 1.3307 and 1.3272 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 January 24, 2019
Sell near the resistance area 1.3372 and 1.3403 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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