USD CAD Technical Analysis 15 January 2021
USD CAD Technical Analysis: The USD declined 0.44% against the CAD on Thursday and closed at 1.2637. Today in the Asian session, while USD CAD technical Analysis 28 December 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2600, which is 0.49% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2626 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2700, and a rise through could take it to the next resistance level of 1.2745. Today’s expected trading range is between 1.2575, support and 1.2745 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2626
Support 2: 1.2600
Support 3: 1.2575
Important resistance levels:
Resistance 1: 1.2700
Resistance 2: 1.2745
Resistance 3: 1.2775
USD/CAD buying opportunity for intraday trading on January 15, 2021
Buy near the support zones 1.2626 and 1.2600 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 January 15, 2021
Sell near the resistance zones 1.2700 and 1.2745 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.