USD CAD Technical Analysis February 6, 2019
The USD rose 0.13% against the CAD on Tuesday and closed at 1.3124. Today in European session while USD CAD technical analysis February 6, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3170, which is 0.35% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3100 and a fall through could take it to the next support level of 1.3075. The pair is expected to find its first resistance at 1.3175, and a rise through could take it to the next resistance level of 1.3200. For today the expected trading range is between 1.3100, Support and 1.3200 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3100 Support 2: 1.3075 Support 3: 1.3050
Resistance Levels: Resistance 1: 1.3150 Resistance 2: 1.3175 Resistance 3: 1.3200
USD/CAD Buying Opportunity for Intraday Trading February 6, 2019
Buy near the support area 1.3100 and 1.3075 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 6, 2019
Sell near the resistance area 1.3175 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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