USD CAD Technical Analysis September 18, 2018
The USD rose 0.06% against the CAD on Monday and closed at 1.3041. Today in European session while USD CAD technical analysis September 18, 2018 is preparing at at 8:45 GMT, the USD/CAD trading at 1.3020, which is 0.16% lower against CAD from yesterday’s close.
In US session, data showed that the foreign investment in Canadian securities reached $12.7 billion in July, mainly from the acquisition of federal government bonds. At the same time, Canada’s total investment in foreign securities was $13.1 billion, including a record purchase of foreign bonds. Foreign investment in Canadian securities reached $12.7 billion in July, up from $10.3 billion in June. In general, foreign investors acquired Canadian bonds and acquired stocks to a lesser extent, but reduced exposure to money market instruments. The total amount of non-residents acquiring Canadian bonds in July was $11.1 billion.
USD CAD technical analysis September 18, 2018
The pair is expected to find the support at 1.3010 and a fall through could take it to the next support level of 1.2985. The pair is expected to find its first resistance at 1.3060, and a rise through could take it to the next resistance level of 1.3075. For today the expected trading range is between 1.2900, Support and 1.3136 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3010 Support 2: 1.2985 Support 3: 1.2967
Resistance Levels: Resistance 1: 1.3060 Resistance 2: 1.3075 Resistance 3: 1.3100
Previous day`s high: 1.3033
Previous day`s low: 1.3000
USD/CAD Buying Opportunity for Intraday Trading September 18, 2018
Buy near the support area 1.3010 and 1.2985 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji
USD/CAD Selling Opportunity for Intraday Trading September 18, 2018
Sell near the resistance area 1.3060 and 1.3075 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long
Leged Doji or Gravestone Doji
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