USD CAD Technical Analysis December 14, 2018
The USD rose 0.01% against the CAD on Thursday and closed at 1.3350. Today in European session while USD CAD technical analysis December 14, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3380, which is 0.22% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3330 and a fall through could take it to the next support level of 1.3310. The pair is expected to find its first resistance at 1.3400, and a rise through could take it to the next resistance level of 1.3422. For today the expected trading range is between 1.3330, Support and 1.3422 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3330 Support 2: 1.3310 Support 3: 1.3285
Resistance Levels: Resistance 1: 1.3376 Resistance 2: 1.3400 Resistance 3: 1.3422
USD/CAD Buying Opportunity for Intraday Trading December 14, 2018
Buy near the support area 1.3330 and 1.3310 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 14, 2018
Sell near the resistance area 1.3400 and 1.3422 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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