USD CAD Technical Analysis March 11, 2019

USD CAD Technical Analysis March 11, 2019

The USD declined 0.30% against the CAD on Friday and closed at 1.3416. Today in European session while USD CAD technical analysis March 11, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3410, which is 0.04% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.3382 and a fall through could take it to the next support level of 1.3347. The pair is expected to find its first resistance at 1.3460, and a rise through could take it to the next resistance level of 1.3500. For today the expected trading range is between 1.3347, Support and 1.3500 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3382 Support 2: 1.3347 Support 3: 1.3307
Resistance Levels: Resistance 1: 1.3460 Resistance 2: 1.3500 Resistance 3: 1.3535

USD/CAD Buying Opportunity for Intraday Trading March 11, 2019

Buy near the support area 1.3382 and 1.3347 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 March 11, 2019

Sell near the resistance area 1.3460 and 1.3500 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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