USD CAD Technical Analysis July 5, 2019
USD CAD Technical Analysis: The USD declined 0.09% against the CAD on Thursday and closed at 1.3045. Today in European session while USD CAD technical Analysis July 5, 2019 is preparing at at 6:15 GMT, the USD/CAD trading at 1.3060, which is 0.11% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3028 and a fall through could take it to the next support level of 1.3011. The pair is expected to find its first resistance at 1.3070, and a rise through could take it to the next resistance level of 1.3095. For today the expected trading range is between 1.3015, Support and 1.31300 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3028 Support 2: 1.3011 Support 3: 1.3087
Resistance Levels: Resistance 1: 1.3070 Resistance 2: 1.3095 Resistance 3: 1.3113
USD/CAD Buying Opportunity for Intraday Trading July 5, 2019
Buy near the support area 1.3028 and 1.3011 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 5, 2019
Sell near the resistance area 1.3070 and 1.3095 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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