USD CAD Technical Analysis March 8, 2019
The USD rose 0.09% against the CAD on Thursday and closed at 1.3453. Today in European session while USD CAD technical analysis March 8, 2019 is preparing at at 9:15 GMT, the USD/CAD trading at 1.3455, which is 0.01% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3422 and a fall through could take it to the next support level of 1.3390. The pair is expected to find its first resistance at 1.3476, and a rise through could take it to the next resistance level of 1.3500. For today the expected trading range is between 1.3390, Support and 1.3500 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3422 Support 2: 1.3390 Support 3: 1.3368
Resistance Levels: Resistance 1: 1.3476 Resistance 2: 1.3500 Resistance 3: 1.3530
USD/CAD Buying Opportunity for Intraday Trading March 8, 2019
Buy near the support area 1.3422 and 1.3390 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 8, 2019
Sell near the resistance area 1.3476 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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