USD CAD Technical Analysis January 28, 2019
The USD declined 0.95% against the CAD on Friday and closed at 1.3222. Today in European session while USD CAD technical analysis January 28, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3225, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3173 and a fall through could take it to the next support level of 1.3124. The pair is expected to find its first resistance at 1.3315, and a rise through could take it to the next resistance level of 1.3410. For today the expected trading range is between 1.3125, Support and 1.3315 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3173 Support 2: 1.3124 Support 3: 1.3030
Resistance Levels: Resistance 1: 1.3315 Resistance 2: 1.3410 Resistance 3: 1.3457
USD/CAD Buying Opportunity for Intraday Trading January 28, 2019
Buy near the support area 1.3173 and 1.3124 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 28, 2019
Sell near the resistance area 1.3315 and 1.3410 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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