USD CAD Technical Analysis April 5, 2019
The USD rose 0.11% against the CAD on Thursday and closed at 1.1357. Today in European session while USD CAD technical analysis April 5, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3360, which is 0.02% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3337 and a fall through could take it to the next support level of 1.3318. The pair is expected to find its first resistance at 1.3374, and a rise through could take it to the next resistance level of 1.3390. For today the expected trading range is between 1.3318, Support and 1.3390 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3337 Support 2: 1.3318 Support 3: 1.3300
Resistance Levels: Resistance 1: 1.3374 Resistance 2: 1.3390 Resistance 3: 1.3400
USD/CAD Buying Opportunity for Intraday Trading April 5, 2019
Buy near the support area 1.3337 and 1.3318 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 5, 2019
Sell near the resistance area 1.3374 and 1.3390 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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