USD CAD Technical Analysis June 27, 2019
USD CAD Technical Analysis: The USD declined 0.30% against the CAD on Wednesday and closed at 1.3125. Today in European session while USD CAD technical Analysis June 27, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3123, which is 0.01% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3090 and a fall through could take it to the next support level of 1.3050. The pair is expected to find its first resistance at 1.3178, and a rise through could take it to the next resistance level of 1.3230. For today the expected trading range is between 1.3350, Support and 1.3178 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3090 Support 2: 1.3050 Support 3: 1.3000
Resistance Levels: Resistance 1: 1.3178 Resistance 2: 1.3230 Resistance 3: 1.3267
USD/CAD Buying Opportunity for Intraday Trading June 27, 2019
Buy near the support area 1.3090 and 1.3050 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 June 27, 2019
Sell near the resistance area 1.3178 and 1.3230 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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