USD CAD Technical Analysis December 11, 2018
The USD rose 0.48% against the CAD on Monday and closed at 1.3395. Today in European session while USD CAD technical analysis December 11, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3400, which is 0.03% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3320 and a fall through could take it to the next support level of 1.3243. The pair is expected to find its first resistance at 1.3443, and a rise through could take it to the next resistance level of 1.3492. For today the expected trading range is between 1.3320, Support and 1.3492 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3320 Support 2: 1.3343 Support 3: 1.3195
Resistance Levels: Resistance 1: 1.3443 Resistance 2: 1.3493 Resistance 3: 1.3566
USD/CAD Buying Opportunity for Intraday Trading December 11, 2018
Buy near the support area 1.3320 and 1.3243 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 December 11, 2018
Sell near the resistance area 1.3443 and 1.3492 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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