USD CAD Technical Analysis 20 April 2020

USD CAD Technical Analysis: The USD declined 0.50% against the CAD on Friday and closed at 1.4008. Today in Asian session while USD CAD technical Analysis 20 April 2020 is preparing at at 6:45 GMT, the USD/CAD trading at 1.4055, which is 0.33% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3970 and a fall through could take it to the next support level of 1.3930. The pair is expected to find its first resistance at 1.4083, and a rise through could take it to the next resistance level of 1.4157. For today the expected trading range is between 1.3930, Support and 1.4156 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3070 Support 2: 1.3930, Support 3: 1.3856
Resistance Levels: Resistance 1: 1.4083, Resistance 2: 1.4157, Resistance 3: 1.4195

USD/CAD Buying Opportunity for Intraday Trading 20 April 2020

Buy near the support area 1.3970 and 1.3930 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 20 April 2020

Sell near the resistance area 1.4083 and 1.4157 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.

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