USD CAD Technical Analysis Aug 13, 2019
USD CAD Technical Analysis: The USD rose 0.28% against the CAD on Monday and closed at 1.3237. Today in European session while USD CAD technical Analysis Aug 13, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3260, which is 0.17% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3210 and a fall through could take it to the next support level of 1.3180. The pair is expected to find its first resistance at 1.3258, and a rise through could take it to the next resistance level of 1.3278. For today the expected trading range is between 1.3210, Support and 1.3310 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3210, Support 2: 1.3180, Support 3: 1.3160
Resistance Levels: Resistance 1: 1.3258, Resistance 2: 1.3278, Resistance 3: 1.3310
USD/CAD Buying Opportunity for Intraday Trading Aug 13, 2019
Buy near the support area 1.3210 and 1.3180 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 Aug 13, 2019
Sell near the resistance area 1.3258 and 1.3278 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.