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USD CAD Technical Analysis 30 November 2020

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USD CAD Technical Analysis 30 November 2020

USD CAD Technical Analysis: The USD declined 0.19% against the CAD on Friday and closed at 1.2990. Today in the Asian session, while USD CAD technical Analysis 30 November 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2991, which is 0.01% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2965 and a fall through could take it to the next support level of 1.2935. The pair is expected to find its first resistance at 1.3022, and a rise through could take it to the next resistance level of 1.3050. Today’s expected trading range is between 1.2965, support and 1.3087 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2965
Support 2: 1.2935
Support 3: 1.2910

Important resistance levels:

Resistance 1: 1.3022
Resistance 2: 1.3050
Resistance 3: 1.3087

USD/CAD buying opportunity for intraday trading on November 30, 2020

Buy near the support zones 1.2965 and 1.2935 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 November 30, 2020

Sell near the resistance zones 1.3022 and 1.3050 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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