USD CAD Technical Analysis June 28, 2019
USD CAD Technical Analysis: The USD declined 0.25% against the CAD on Thursday and closed at 1.3092. Today in European session while USD CAD technical Analysis June 28, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3085, which is 0.05% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3075 and a fall through could take it to the next support level of 1.3060. The pair is expected to find its first resistance at 1.3130, and a rise through could take it to the next resistance level of 1.3153. For today the expected trading range is between 1.3000, Support and 1.3123 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3075 Support 2: 1.3060 Support 3: 1.3000
Resistance Levels: Resistance 1: 1.3130 Resistance 2: 1.3153 Resistance 3: 1.3170
USD/CAD Buying Opportunity for Intraday Trading June 28, 2019
Buy near the support area 1.3075 and 1.3060 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 28, 2019
Sell near the resistance area 1.3130 and 1.3153 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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