USD CAD Technical Analysis 15 December 2020
USD CAD Technical Analysis: The USD rose 0.07% against the CAD on Monday and closed at 1.2761. Today in the Asian session, while USD CAD technical Analysis 15 December 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2757, which is 0.03% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2725 and a fall through could take it to the next support level of 1.2605. The pair is expected to find its first resistance at 1.2770, and a rise through could take it to the next resistance level of 1.2830. Today’s expected trading range is between 1.2650, support and 1.2830 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2725
Support 2: 1.2705
Support 3: 1.2650
Important resistance levels:
Resistance 1: 1.2795
Resistance 2: 1.2830
Resistance 3: 1.2870
USD/CAD buying opportunity for intraday trading on December 15, 2020
Buy near the support zones 1.2725 and 1.2605 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 December 15, 2020
Sell near the resistance zones 1.2790 and 1.2830 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.