USD CAD Technical Analysis 30 September 2020
USD CAD Technical Analysis: The USD rose 0.16% against the CAD on Tuesday and closed at 1.3389. Today in the Asian session, while USD CAD technical Analysis 30 September 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.3400, which is 0.08% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3355 and a fall through could take it to the next support level of 1.3325. The pair is expected to find its first resistance at 1.3420, and a rise through could take it to the next resistance level of 1.3450. Today’s expected trading range is between 1.3285, support and 1.3485 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3355
Support 2: 1.3325
Support 3: 1.3285
Important resistance levels:
Resistance 1: 1.3420
Resistance 2: 1.3450
Resistance 3: 1.3485
USD/CAD buying opportunity for intraday trading on September 30, 2020
Buy near the support zones 1.3355 and 1.3325 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
USD/CAD selling opportunity for intraday trading on September 30, 2020
Sell near the resistance zones 1.3420 and 1.3450 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
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