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USD CAD Technical Analysis 10 December 2020

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USD CAD Technical Analysis 10 December 2020

USD CAD Technical Analysis: The USD rose 0.01% against the CAD on Wednesday and closed at 1.2817. Today in the Asian session, while USD CAD technical Analysis 10 December 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2800, which is 0.13% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.2780 and a fall through could take it to the next support level of 1.2765. The pair is expected to find its first resistance at 1.2830, and a rise through could take it to the next resistance level of 1.2845. Today’s expected trading range is between 1.2740, support and 1.2865 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2780
Support 2: 1.2765
Support 3: 1.2740

Important resistance levels:

Resistance 1: 1.2830
Resistance 2: 1.2845
Resistance 3: 1.2865

USD/CAD buying opportunity for intraday trading on December 10, 2020

Buy near the support zones 1.2780 and 1.2765 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 December 10, 2020

Sell near the resistance zones 1.2830 and 1.2845 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.

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