USD CAD Technical Analysis January 25, 2019
The USD rose 0.07% against the CAD on Thursday and closed at 1.3350. Today in European session while USD CAD technical analysis January 25, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3315, which is 0.26% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3305 and a fall through could take it to the next support level of 1.3282. The pair is expected to find its first resistance at 1.3372, and a rise through could take it to the next resistance level of 1.3395. For today the expected trading range is between 1.3382, Support and 1.3372 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3327 Support 2: 1.3305 Support 3: 1.3282
Resistance Levels: Resistance 1: 1.3372 Resistance 2: 1.3395 Resistance 3: 1.3418
USD/CAD Buying Opportunity for Intraday Trading January 25, 2019
Buy near the support area 1.3305 and 1.3282 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 January 25, 2019
Sell near the resistance area 1.3372 and 1.3395 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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