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USD CAD Technical Analysis 14 July 2020

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USD CAD Technical Analysis 14 July 2020

USD CAD Technical Analysis: The USD rose 0.17% against the CAD on Monday and closed at 1.3608. Today in the Asian session, while USD CAD technical Analysis 14 July 2020 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3618, which is 0.08% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3585 and a fall through could take it to the next support level of 1.3555. The pair is expected to find its first resistance at 1.3625, and a rise through could take it to the next resistance level of 1.3660. Today’s expected trading range is between 1.3535, support and 1.3700 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3585
Support 2: 1.3555
Support 3: 1.3535

Important resistance levels:

Resistance 1: 1.3625
Resistance 2: 1.3660
Resistance 3: 1.3700

USD/CAD buying opportunity for intraday trading on July 14, 2020

Buy near the support zones 1.3585 and 1.3555 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 July 14, 2020

Sell near the resistance zones 1.3625 and 1.3660 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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