USD CAD Technical Analysis January 29, 2019
The USD rose 0.32% against the CAD on Monday and closed at 1.3260. Today in European session while USD CAD technical analysis January 29, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3250, which is 0.07% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3213 and a fall through could take it to the next support level of 1.3166. The pair is expected to find its first resistance at 1.3296, and a rise through could take it to the next resistance level of 1.3333. For today the expected trading range is between 1.3166, Support and 1.3333 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3213 Support 2: 1.3166 Support 3: 1.3031
Resistance Levels: Resistance 1: 1.3296 Resistance 2: 1.3333 Resistance 3: 1.3380
USD/CAD Buying Opportunity for Intraday Trading January 29, 2019
Buy near the support area 1.3213 and 1.3166 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 29, 2019
Sell near the resistance area 1.3296 and 1.3333 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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