USD CAD Technical Analysis 8 April 2020

USD CAD Technical Analysis: The USD declined 0.82% against the CAD on Tuesday and closed at 1.3991. Today in European session while USD CAD technical Analysis 8 April 2020 is preparing at at 6:45 GMT, the USD/CAD trading at 1.4035, which is 0.31% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2900 and a fall through could take it to the next support level of 1.2827. The pair is expected to find its first resistance at 1.4110, and a rise through could take it to the next resistance level of 1.4225. For today the expected trading range is between 1.3900, Support and 1.4225 Resistance.

The expected trend for today is Bulliish

Supports Levels: Support 1: 1.2900, Support 2: 1.2827, Support 3: 1.2710
Resistance Levels: Resistance 1: 1.4110, Resistance 2: 1.4225, Resistance 3: 1.4300

USD/CAD Buying Opportunity for Intraday Trading 8 April 2020

Buy near the support area 1.2900 and 1.2827 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 8 April 2020

Sell near the resistance area 1.4110 and 1.4225 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 8 April 2020
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