USD CAD Technical Analysis November 2, 2018
The USD declined 0.56% against the CAD on Thursday and closed at 1.3083. Today in European session while USD CAD technical analysis November 2, 2018 is preparing at at 9:45 GMT, the USD/CAD trading at 1.3050, which is 0.50% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3045 and a fall through could take it to the next support level of 1.3000. The pair is expected to find its first resistance at 1.3145, and a rise through could take it to the next resistance level of 1.3206. For today the expected trading range is between 1.3000, Support and 1.3145 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3045 Support 2: 1.3000 Support 3: 1.2945
Resistance Levels: Resistance 1: 1.3145 Resistance 2: 1.3206 Resistance 3: 1.3244
USD/CAD Buying Opportunity for Intraday Trading November 2, 2018
Buy near the support area 1.3045 and 1.3000 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 2, 2018
Sell near the resistance area 1.3145 and 1.3206 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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