USD CAD Technical Analysis November 12, 2018
The USD rose 0.34% against the CAD on Friday and closed at 1.3198. Today in European session while USD CAD technical analysis November 12, 2018 is preparing at at 9:45 GMT, the USD/CAD trading at 1.3200, which is 0.01% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3148 and a fall through could take it to the next support level of 1.3097. The pair is expected to find its first resistance at 1.3240, and a rise through could take it to the next resistance level of 1.3282. For today the expected trading range is between 1.3148, Support and 1.3240 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3148 Support 2: 1.3097 Support 3: 1.3055
Resistance Levels: Resistance 1: 1.3240 Resistance 2: 1.3282 Resistance 3: 1.3333
USD/CAD Buying Opportunity for Intraday Trading November 12, 2018
Buy near the support area 1.3148 and 1.3097 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 November 12, 2018
Sell near the resistance area 1.3240 and 1.3282 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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