USD CAD Technical Analysis April 12, 2019
USD CAD Technical Analysis: The USD rose 0.50% against the CAD on Thursday and closed at 1.3383. Today in European session while USD CAD technical analysis April 12, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3333, which is 0.37% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3330 and a fall through could take it to the next support level of 1.3280. The pair is expected to find its first resistance at 1.3415, and a rise through could take it to the next resistance level of 1.3445. For today the expected trading range is between 1.3280, Support and 1.3415 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3330 Support 2: 1.3280 Support 3: 1.3248
Resistance Levels: Resistance 1: 1.3415 Resistance 2: 1.3445 Resistance 3: 1.3500
USD/CAD Buying Opportunity for Intraday Trading April 12, 2019
Buy near the support area 1.3330 and 1.3280 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 April 12, 2019
Sell near the resistance area 1.3415 and 1.3445 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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