USD CAD Technical Analysis October 12, 2018

The USD declined 0.26% against the CAD on Thursday and closed at 1.3030. Today in European session while USD CAD technical analysis October 12, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.3010, which is 0.16% lower against CAD from yesterday’s close.

USD CAD technical analysis 12 October 2018

The pair is expected to find the support at 1.3000 and a fall through could take it to the next support level of 1.2980. The pair is expected to find its first resistance at 1.3063, and a rise through could take it to the next resistance level of 1.3095. For today the expected trading range is between 1.2980, Support and 1.3063 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3000 Support 2: 1.2980 Support 3: 1.2950
Resistance Levels: Resistance 1: 1.3063 Resistance 2: 1.3095 Resistance 3: 1.3112

USD/CAD Buying Opportunity for Intraday Trading October 12, 2018

Buy near the support area 1.3000 and 1.2980 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 October 12, 2018

Sell near the resistance area 1.3063 and 1.3095 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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