USD CAD Technical Analysis 29 September 2020
USD CAD Technical Analysis: The USD declined 0.09% against the CAD on Monday and closed at 1.3370. Today in the Asian session, while USD CAD technical Analysis 29 September 2020 is preparing at at 4:45 GMT, the USD/CAD trading at 1.3375, which is 0.03% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3350 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 1.3400, and a rise through could take it to the next resistance level of 1.3420. Today’s expected trading range is between 1.3290, support and 1.3445 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3350
Support 2: 1.3325
Support 3: 1.3290
Important resistance levels:
Resistance 1: 1.3400
Resistance 2: 1.3420
Resistance 3: 1.3445
USD/CAD buying opportunity for intraday trading on September 29, 2020
Buy near the support zones 1.3350 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 29, 2020
Sell near the resistance zones 1.3400 and 1.3420 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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