USD CAD Technical Analysis December 4, 2018
The USD declined 0.31% against the CAD on Monday and closed at 1.3195. Today in European session while USD CAD technical analysis December 4, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3165, which is 0.22% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3147 and a fall through could take it to the next support level of 1.3100. The pair is expected to find its first resistance at 1.3255, and a rise through could take it to the next resistance level of 1.3315. For today the expected trading range is between 1.3100, Support and 1.3255 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3147 Support 2: 1.3100 Support 3: 1.3040
Resistance Levels: Resistance 1: 1.3255 Resistance 2: 1.3315 Resistance 3: 1.3363
USD/CAD Buying Opportunity for Intraday Trading December 4, 2018
Buy near the support area 1.3147 and 1.3100 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 4, 2018
Sell near the resistance area 1.3255 and 1.3315 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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