USD CAD Technical Analysis July 1, 2019
USD CAD Technical Analysis: The USD rose 0.04% against the CAD on Friday and closed at 1.3098. Today in European session while USD CAD technical Analysis July 1, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3100, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3070 and a fall through could take it to the next support level of 1.3045. The pair is expected to find its first resistance at 1.3113, and a rise through could take it to the next resistance level of 1.3127. For today the expected trading range is between 1.3045, Support and 1.3127 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3070 Support 2: 1.3045 Support 3: 1.3030
Resistance Levels: Resistance 1: 1.3113 Resistance 2: 1.3127 Resistance 3: 1.3155
USD/CAD Buying Opportunity for Intraday Trading July 1, 2019
Buy near the support area 1.3070 and 1.3045 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 July 1, 2019
Sell near the resistance area 1.3113 and 1.3127 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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