USD CAD Technical Analysis April 16, 2019
USD CAD Technical Analysis: The USD rose 0.26% against the CAD on Monday and closed at 1.3365. Today in European session while USD CAD technical analysis April 16, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3388, which is 0.17% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3311 and a fall through could take it to the next support level of 1.3257. The pair is expected to find its first resistance at 1.3405, and a rise through could take it to the next resistance level of 1.3444. For today the expected trading range is between 1.3311, Support and 1.3444 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3311 Support 2: 1.3257 Support 3: 1.3218
Resistance Levels: Resistance 1: 1.3405 Resistance 2: 1.3444 Resistance 3: 1.3497
USD/CAD Buying Opportunity for Intraday Trading April 16, 2019
Buy near the support area 1.3311 and 1.3257 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
USD/CAD Selling Opportunity for Intraday Trading April 16, 2019
Sell near the resistance area 1.3405 and 1.3444 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
EUR/USD Technical Analysis April 16, 2019
GBP/USD Technical Analysis April 16, 2019
USD/JPY Technical Analysis April 16, 2019