USD CAD Technical Analysis 18 October 2019
USD CAD Technical Analysis: The USD declined 0.48% against the CAD on Thursday and closed at 1.3133. Today in European session while USD CAD technical Analysis 18 October 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3135, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3105 and a fall through could take it to the next support level of 1.3077. The pair is expected to find its first resistance at 1.3186, and a rise through could take it to the next resistance level of 1.3240. For today the expected trading range is between 1.3077, Support and 1.3186 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3105, Support 2: 1.3077, Support 3: 1.3025
Resistance Levels: Resistance 1: 1.3186, Resistance 2: 1.3240, Resistance 3: 1.3267
USD/CAD Buying Opportunity for Intraday Trading 18 October 2019
Buy near the support area 1.3105 and 1.3077 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
USD/CAD Selling Opportunity for Intraday Trading 18 October 2019
Sell near the resistance area 1.3186 and 1.3240 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.