USD CAD Technical Analysis 9 June 2020
USD CAD Technical Analysis: The USD declined 0.21% against the CAD on Monday and closed at 1.3381. Today in European session while USD CAD technical Analysis 9 June 2020 is preparing at at 6:45 GMT, the USD/CAD trading at 1.3445, which is 0.49% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3345 and a fall through could take it to the next support level of 1.3310. The pair is expected to find its first resistance at 1.3470, and a rise through could take it to the next resistance level of 1.3510. For today the expected trading range is between 1.3210, Support and 1.3510 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3345 Support 2: 1.3310, Support 3: 1.3265
Resistance Levels: Resistance 1: 1.3425, Resistance 2: 1.3470, Resistance 3: 1.3610
USD/CAD Buying Opportunity for Intraday Trading 9 June 2020
Buy near the support area 1.3345 and 1.3310 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 9 June 2020
Sell near the resistance area 1.3470 and 1.3510 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.
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