USD CAD Technical Analysis October 23, 2018
The USD rose 0.06% against the CAD on Monday and closed at 1.3099. Today in European session while USD CAD technical analysis October 23, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.3100, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3077 and a fall through could take it to the next support level of 1.3054. The pair is expected to find its first resistance at 1.3123, and a rise through could take it to the next resistance level of 1.3147. For today the expected trading range is between 1.3054, Support and 1.3146 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3077 Support 2: 1.3054 Support 3: 1.3030
Resistance Levels: Resistance 1: 1.3123 Resistance 2: 1.3146 Resistance 3: 1.3170
USD/CAD Buying Opportunity for Intraday Trading October 23, 2018
Buy near the support area 1.3077 and 1.3054 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 October 23, 2018
Sell near the resistance area 1.3123 and 1.3146 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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