USD CAD Technical Analysis March 12, 2019
The USD declined 0.23% against the CAD on Monday and closed at 1.3392. Today in European session while USD CAD technical analysis March 12, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3400, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3376 and a fall through could take it to the next support level of 1.3360. The pair is expected to find its first resistance at 1.3424, and a rise through could take it to the next resistance level of 1.3455. For today the expected trading range is between 1.3330, Support and 1.3455 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3376 Support 2: 1.3360 Support 3: 1.3330
Resistance Levels: Resistance 1: 1.3424 Resistance 2: 1.3455 Resistance 3: 1.3472
USD/CAD Buying Opportunity for Intraday Trading March 12, 2019
Buy near the support area 1.3376 and 1.3360 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 12, 2019
Sell near the resistance area 1.3424 and 1.3455 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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