USD CAD Technical Analysis July 2, 2019
USD CAD Technical Analysis: The USD rose 0.45% against the CAD on Monday and closed at 1.3131. Today in European session while USD CAD technical Analysis July 2, 2019 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3120, which is 0.08% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3088 and a fall through could take it to the next support level of 1.3045. The pair is expected to find its first resistance at 1.3160, and a rise through could take it to the next resistance level of 1.3188. For today the expected trading range is between 1.3088, Support and 1.3188 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3088 Support 2: 1.3045 Support 3: 1.3017
Resistance Levels: Resistance 1: 1.3160 Resistance 2: 1.3188 Resistance 3: 1.3230
USD/CAD Buying Opportunity for Intraday Trading July 2, 2019
Buy near the support area 1.3088 and 1.3045 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 July 2, 2019
Sell near the resistance area 1.3160 and 1.3188 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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