USD CAD Technical Analysis 30 July 2020
USD CAD Technical Analysis: The USD rose 0.29% against the CAD on Wednesday and closed at 1.3338. Today in the Asian session, while USD CAD technical Analysis 30 July 2020 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3341, which is 0.02% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3333 and a fall through could take it to the next support level of 1.3320. The pair is expected to find its first resistance at 1.3375, and a rise through could take it to the next resistance level of 1.3385. Today’s expected trading range is between 1.3260, support and 1.3405 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3333
Support 2: 1.3320
Support 3: 1.3260
Important resistance levels:
Resistance 1: 1.3375
Resistance 2: 1.3385
Resistance 3: 1.3405
USD/CAD buying opportunity for intraday trading on July 30, 2020
Buy near the support zones 1.3333 and 1.3320 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 July 30, 2020
Sell near the resistance zones 1.3375 and 1.3385 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.