USD CAD Technical Analysis December 3, 2018
The USD rose 0.11% against the CAD on Friday and closed at 1.3292. Today in European session while USD CAD technical analysis December 3, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3220, which is 0.54% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3200 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 1.3300, and a rise through could take it to the next resistance level of 1.3360. For today the expected trading range is between 1.3160, Support and 1.3300 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3265 Support 2: 1.3238 Support 3: 1.3200
Resistance Levels: Resistance 1: 1.3326 Resistance 2: 1.3360 Resistance 3: 1.3386
USD/CAD Buying Opportunity for Intraday Trading December 3, 2018
Buy near the support area 1.3200 and 1.3160 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 3, 2018
Sell near the resistance area 1.3300 and 1.3360 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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