USD CAD Technical Analysis 26 April 2021
USD CAD Technical Analysis: The USD declined 0.21% against the CAD on Friday and closed at 1.2476. Today in the Asian session, while USD CAD technical Analysis 28 December 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2456, which is 0.16% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2450 and a fall through could take it to the next support level of 1.2435. The pair is expected to find its first resistance at 1.2490, and a rise through could take it to the next resistance level of 1.2500. Today’s expected trading range is between 1.2400, support and 1.2500 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2450
Support 2: 1.2435
Support 3: 1.2400
Important resistance levels:
Resistance 1: 1.2490
Resistance 2: 1.2500
Resistance 3: 1.2535
USD/CAD buying opportunity for intraday trading on April 26, 2021
Buy near the support zones 1.2450 and 1.2435 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
USD/CAD selling opportunity for intraday trading on April 26, 2021
Sell near the resistance zones 1.2490 and 1.2500 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.