USD CAD Technical Analysis March 19, 2019
The USD declined 0.01% against the CAD on Monday and closed at 1.3337. Today in European session while USD CAD technical analysis March 19, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3333, which is 0.3% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3303 and a fall through could take it to the next support level of 1.3270. The pair is expected to find its first resistance at 1.3367, and a rise through could take it to the next resistance level of 1.3397. For today the expected trading range is between 1.3270, Support and 1.3397 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3303 Support 2: 1.3270 Support 3: 1.3240
Resistance Levels: Resistance 1: 1.3367 Resistance 2: 1.3397 Resistance 3: 1.3431
USD/CAD Buying Opportunity for Intraday Trading March 19, 2019
Buy near the support area 1.3303 and 1.3270 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 19, 2019
Sell near the resistance area 1.3367 and 1.3397 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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