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USD CAD Technical Analysis 15 July 2020

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USD CAD Technical Analysis 15 July 2020

USD CAD Technical Analysis: The USD rose 0.05% against the CAD on Tuesday and closed at 1.3615. Today in the Asian session, while USD CAD technical Analysis 15 July 2020 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3600, which is 0.11% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.3590 and a fall through could take it to the next support level of 1.3565. The pair is expected to find its first resistance at 1.3620, and a rise through could take it to the next resistance level of 1.3645. Today’s expected trading range is between 1.3540, support and 1.3670 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3590
Support 2: 1.3565
Support 3: 1.3540

Important resistance levels:

Resistance 1: 1.3620
Resistance 2: 1.3645
Resistance 3: 1.3670

USD/CAD buying opportunity for intraday trading on July 15, 2020

Buy near the support zones 1.3590 and 1.3565 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 15, 2020

Sell near the resistance zones 1.3620 and 1.3645 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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