USD CAD Technical Analysis July 9, 2019

USD CAD Technical Analysis: The USD rose 0.19% against the CAD on Monday and closed at 1.3094. Today in European session while USD CAD technical Analysis July 9, 2019 is preparing at at 6:15 GMT, the USD/CAD trading at 1.3120, which is 0.19% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.3060 and a fall through could take it to the next support level of 1.3028. The pair is expected to find its first resistance at 1.3135, and a rise through could take it to the next resistance level of 1.3170. For today the expected trading range is between 1.3060, Support and 1.3155 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3060 Support 2: 1.3028 Support 3: 1.3010
Resistance Levels: Resistance 1: 1.3115 Resistance 2: 1.3135 Resistance 3: 1.3170

USD/CAD Buying Opportunity for Intraday Trading July 9, 2019

Buy near the support area 1.3060 and 1.3028 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 9, 2019

Sell near the resistance area 1.3135 and 1.3170 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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