USD CAD Technical Analysis March 29, 2019
The USD rose 0.14% against the CAD on Thursday and closed at 1.3429. Today in European session while USD CAD technical analysis March 29, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3427, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3400 and a fall through could take it to the next support level of 1.3370. The pair is expected to find its first resistance at 1.3454, and a rise through could take it to the next resistance level of 1.3480. For today the expected trading range is between 1.3370, Support and 1.3480 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3400 Support 2: 1.3370 Support 3: 1.3344
Resistance Levels: Resistance 1: 1.3454 Resistance 2: 1.3480 Resistance 3: 1.3500
USD/CAD Buying Opportunity for Intraday Trading March 29, 2019
Buy near the support area 1.3400 and 1.3370 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 29, 2019
Sell near the resistance area 1.3454 and 1.3480 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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