USD CAD Technical Analysis March 18, 2019
The USD rose 0.07% against the CAD on Friday and closed at 1.3340. Today in European session while USD CAD technical analysis March 18, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3310, which is 0.22% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3295 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3377, and a rise through could take it to the next resistance level of 1.3315. For today the expected trading range is between 1.3250, Support and 1.3415 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3295 Support 2: 1.3250 Support 3: 1.3213
Resistance Levels: Resistance 1: 1.3377 Resistance 2: 1.3415 Resistance 3: 1.3460
USD/CAD Buying Opportunity for Intraday Trading March 18, 2019
Buy near the support area 1.3295 and 1.3250 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 18, 2019
Sell near the resistance area 1.3377 and 1.3315 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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