USD CAD Technical Analysis 6 May 2020
USD CAD Technical Analysis: The USD declined 0.26% against the CAD on Tuesday and closed at 1.4047. Today in European session while USD CAD technical Analysis 6 May 2020 is preparing at at 6:45 GMT, the USD/CAD trading at 1.4055, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.4000 and a fall through could take it to the next support level of 1.3963. The pair is expected to find its first resistance at 1.4092, and a rise through could take it to the next resistance level of 1.4137. For today the expected trading range is between 1.3963, Support and 1.4137 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.4000 Support 2: 1.3963, Support 3: 1.3920
Resistance Levels: Resistance 1: 1.4092, Resistance 2: 1.4137, Resistance 3: 1.4180
USD/CAD Buying Opportunity for Intraday Trading 6 May 2020
Buy near the support area 1.4000 and 1.3963 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
USD/CAD Selling Opportunity for Intraday Trading 6 May 2020
Sell near the resistance area 1.4092 and 1.4137 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.
EUR/USD Technical Analysis 6 May 2020
GBP/USD Technical Analysis 6 May 2020
USD/JPY Technical Analysis 6 May 2020