USD CAD Technical Analysis February 1, 2019
The USD declined 0.32% against the CAD on Thursday and closed at 1.3121. Today in European session while USD CAD technical analysis February 1, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3140, which is 0.14% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3105 and a fall through could take it to the next support level of 1.3090. The pair is expected to find its first resistance at 1.3180, and a rise through could take it to the next resistance level of 1.3200. For today the expected trading range is between 1.3060, Support and 1.3180 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3105 Support 2: 1.3090 Support 3: 1.3060
Resistance Levels: Resistance 1: 1.3151 Resistance 2: 1.3180 Resistance 3: 1.3200
USD/CAD Buying Opportunity for Intraday Trading February 1, 2019
Buy near the support area 1.3105 and 1.3090 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 February 1, 2019
Sell near the resistance area 1.3180 and 1.3200 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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