USD CAD Technical Analysis April 18, 2019

USD CAD Technical Analysis: The USD declined 0.06% against the CAD on Wednesday and closed at 1.3339. Today in European session while USD CAD technical analysis April 18, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3370, which is 0.23% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.3385 and a fall through could take it to the next support level of 1.3230. The pair is expected to find its first resistance at 1.3382, and a rise through could take it to the next resistance level of 1.3426. For today the expected trading range is between 1.3285, Support and 1.3426 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3285 Support 2: 1.3230 Support 3: 1.3186
Resistance Levels: Resistance 1: 1.3328 Resistance 2: 1.3426 Resistance 3: 1.3480

USD/CAD Buying Opportunity for Intraday Trading April 18, 2019

Buy near the support area 1.3285 and 1.3230 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 18, 2019

Sell near the resistance area 1.3388 and 1.3426 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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