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USD CAD Technical Analysis 28 December 2020

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USD CAD Technical Analysis 28 December 2020

USD CAD Technical Analysis: The USD declined 0.01% against the CAD on Thursday and closed at 1.2843. Today in the Asian session, while USD CAD technical Analysis 28 December 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2844, which is 0.01% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2815 and a fall through could take it to the next support level of 1.2890. The pair is expected to find its first resistance at 1.2960, and a rise through could take it to the next resistance level of 1.2985. Today’s expected trading range is between 1.2775, support and 1.2890 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2815
Support 2: 1.2890
Support 3: 1.2775

Important resistance levels:

Resistance 1: 1.2860
Resistance 2: 1.2885
Resistance 3: 1.2930

USD/CAD buying opportunity for intraday trading on December 28, 2020

Buy near the support zones 1.2815 and 1.2890 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 28, 2020

Sell near the resistance zones 1.2860 and 1.2885 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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