USD CAD Technical Analysis April 1, 2019
The USD declined 0.58% against the CAD on Friday and closed at 1.3351. Today in European session while USD CAD technical analysis April 1, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3350, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3314 and a fall through could take it to the next support level of 1.3277. The pair is expected to find its first resistance at 1.3414, and a rise through could take it to the next resistance level of 1.3478. For today the expected trading range is between 1.3277, Support and 1.3414 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3314 Support 2: 1.3277 Support 3: 1.3213
Resistance Levels: Resistance 1: 1.3414 Resistance 2: 1.3478 Resistance 3: 1.3515
USD/CAD Buying Opportunity for Intraday Trading April 1, 2019
Buy near the support area 1.3314 and 1.3277 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
USD/CAD Selling Opportunity for Intraday Trading April 1, 2019
Sell near the resistance area 1.3414 and 1.3478 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
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