USD CAD Technical Analysis January 23, 2019
The USD rose 0.45% against the CAD on Tuesday and closed at 1.3353. Today in European session while USD CAD technical analysis January 23, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3325, which is 0.20% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3310 and a fall through could take it to the next support level of 1.3267. The pair is expected to find its first resistance at 1.3376, and a rise through could take it to the next resistance level of 1.3400. For today the expected trading range is between 1.3267, Support and 1.3376 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3310 Support 2: 1.3267 Support 3: 1.3244
Resistance Levels: Resistance 1: 1.3376 Resistance 2: 1.3400 Resistance 3: 1.3444
USD/CAD Buying Opportunity for Intraday Trading January 23, 2019
Buy near the support area 1.3310 and 1.3267 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 23, 2019
Sell near the resistance area 1.3376 and 1.3400 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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