USD CAD Technical Analysis July 18, 2019
USD CAD Technical Analysis: The USD declined 0.26% against the CAD on Wednesday and closed at 1.3051. Today in European session while USD CAD technical Analysis July 18, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3055, which is 0.03% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3026 and a fall through could take it to the next support level of 1.3000. The pair is expected to find its first resistance at 1.3185, and a rise through could take it to the next resistance level of 1.3117. For today the expected trading range is between 1.3000, Support and 1.3085 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3026, Support 2: 1.3000, Support 3: 1.2967
Resistance Levels: Resistance 1: 1.3085, Resistance 2: 1.3117, Resistance 3: 1.3142
USD/CAD Buying Opportunity for Intraday Trading July 18, 2019
Buy near the support area 1.3026 and 1.3000 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
USD/CAD Selling Opportunity for Intraday Trading July 18, 2019
Sell near the resistance area 1.3085 and 1.3117 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.
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