USD CAD Technical Analysis Aug 9, 2019
USD CAD Technical Analysis: The USD rose 0.66% against the CAD on Thursday and closed at 1.3223. Today in European session while USD CAD technical Analysis Aug 9, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3220, which is 0.02% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3191 and a fall through could take it to the next support level of 1.3160. The pair is expected to find its first resistance at 1.3284, and a rise through could take it to the next resistance level of 1.3345. For today the expected trading range is between 1.3160, Support and 1.3284 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3191, Support 2: 1.3160, Support 3: 1.3100
Resistance Levels: Resistance 1: 1.3284, Resistance 2: 1.3345, Resistance 3: 1.3377
USD/CAD Buying Opportunity for Intraday Trading Aug 9, 2019
Buy near the support area 1.3191 and 1.3160 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 Aug 9, 2019
Sell near the resistance area 1.3284 and 1.3345 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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