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USD CAD Technical Analysis December 6, 2018

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USD CAD Technical Analysis December 6, 2018

The USD rose 0.69% against the CAD on Wednesday and closed at 1.3352. Today in European session while USD CAD technical analysis December 6, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3400, which is 0.35% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3270 and a fall through could take it to the next support level of 1.3187. The pair is expected to find its first resistance at 1.3417, and a rise through could take it to the next resistance level of 1.3481. For today the expected trading range is between 1.3270, Support and 1.3481 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3270 Support 2: 1.3187 Support 3: 1.3122
Resistance Levels: Resistance 1: 1.3417 Resistance 2: 1.3481 Resistance 3: 1.3565

USD/CAD Buying Opportunity for Intraday Trading December 6, 2018

Buy near the support area 1.3270 and 1.3187 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 December 6, 2018

Sell near the resistance area 1.3417 and 1.3481 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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