USD CAD Technical Analysis 27 July 2020
USD CAD Technical Analysis: The USD rose 0.04% against the CAD on Friday and closed at 1.3414. Today in the Asian session, while USD CAD technical Analysis 27 July 2020 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3380, which is 0.25% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3370 and a fall through could take it to the next support level of 1.3350. The pair is expected to find its first resistance at 1.3445, and a rise through could take it to the next resistance level of 1.3480. Today’s expected trading range is between 1.3300, support and 1.3510 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3370
Support 2: 1.3350
Support 3: 1.3300
Important resistance levels:
Resistance 1: 1.3445
Resistance 2: 1.3480
Resistance 3: 1.3510
USD/CAD buying opportunity for intraday trading on July 27, 2020
Buy near the support zones 1.3370 and 1.3350 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 27, 2020
Sell near the resistance zones 1.3445 and 1.3480 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.