USD CAD Technical Analysis November 21, 2018
The USD rose 1.03% against the CAD on Tuesday and closed at 1.3304. Today in European session while USD CAD technical analysis November 21, 2018 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3000, which is 0.02% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3258 and a fall through could take it to the next support level of 1.3200. The pair is expected to find its first resistance at 1.3363, and a rise through could take it to the next resistance level of 1.3421. For today the expected trading range is between 1.3200, Support and 1.3363 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3200 Support 2: 1.3096 Support 3: 1.3037
Resistance Levels: Resistance 1: 1.3363 Resistance 2: 1.3421 Resistance 3: 1.3525
USD/CAD Buying Opportunity for Intraday Trading November 21, 2018
Buy near the support area 1.3363 and 1.3421 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 21, 2018
Sell near the resistance area 1.3231 and 1.3286 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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