USD CAD Technical Analysis 16 October 2019

USD CAD Technical Analysis: The USD rose 0.25% against the CAD on Tuesday and closed at 1.3194. Today in European session while USD CAD technical Analysis 16 October 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3215, which is 0.15% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3282 and a fall through could take it to the next support level of 1.3166. The pair is expected to find its first resistance at 1.3226, and a rise through could take it to the next resistance level of 1.3254. For today the expected trading range is between 1.3166, Support and 1.3254 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3282, Support 2: 1.3166, Support 3: 1.3138
Resistance Levels: Resistance 1: 1.3226, Resistance 2: 1.3254, Resistance 3: 1.3270

USD/CAD Buying Opportunity for Intraday Trading 16 October 2019

Buy near the support area 1.3282 and 1.3166 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

USD/CAD Selling Opportunity for Intraday Trading 16 October 2019

Sell near the resistance area 1.3226 and 1.3254 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis 16 October 2019
GBP/USD Technical Analysis 16 October 2019
USD/JPY Technical Analysis 16 October 2019