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USD CAD Technical Analysis January 21, 2019

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USD CAD Technical Analysis January 21, 2019

The USD declined 0.08% against the CAD on Friday and closed at 1.3264. Today in European session while USD CAD technical analysis January 21, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3283, which is 0.14% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3235 and a fall through could take it to the next support level of 1.3207. The pair is expected to find its first resistance at 1.3288, and a rise through could take it to the next resistance level of 1.3212. For today the expected trading range is between 1.3235, Support and 1.3312 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3235 Support 2: 1.3207 Support 3: 1.3182
Resistance Levels: Resistance 1: 1.3288 Resistance 2: 1.3312 Resistance 3: 1.3341

USD/CAD Buying Opportunity for Intraday Trading January 21, 2019

Buy near the support area 1.3235 and 1.3207 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 January 21, 2019

Sell near the resistance area 1.3288 and 1.3312 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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