USD CAD Technical Analysis February 4, 2019
The USD declined 0.19% against the CAD on Thursday and closed at 1.3096. Today in European session while USD CAD technical analysis February 4, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3100, which is 0.03% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3057 and a fall through could take it to the next support level of 1.3020. The pair is expected to find its first resistance at 1.3145, and a rise through could take it to the next resistance level of 1.3195. For today the expected trading range is between 1.3020, Support and 1.3145 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3057 Support 2: 1.3020 Support 3: 1.2970
Resistance Levels: Resistance 1: 1.3145 Resistance 2: 1.3195 Resistance 3: 1.3235
USD/CAD Buying Opportunity for Intraday Trading February 4, 2019
Buy near the support area 1.3057 and 1.3020 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 4, 2019
Sell near the resistance area 1.3145 and 1.3195 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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