USD CAD Technical Analysis November 22, 2018
The USD rose 0.56% against the CAD on Wednesday and closed at 1.3229. Today in European session while USD CAD technical analysis November 22, 2018 is preparing at at 5:15 GMT, the USD/CAD trading at 1.3228, which is 0.01% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3200 and a fall through could take it to the next support level of 1.3168. The pair is expected to find its first resistance at 1.3288, and a rise through could take it to the next resistance level of 1.3347. For today the expected trading range is between 1.3168, Support and 1.3288 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3200 Support 2: 1.3168 Support 3: 1.3110
Resistance Levels: Resistance 1: 1.3288 Resistance 2: 1.3347 Resistance 3: 1.3525
USD/CAD Buying Opportunity for Intraday Trading November 22, 2018
Buy near the support area 1.3200 and 1.3168 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 22, 2018
Sell near the resistance area 1.3288 and 1.3347 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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