USD CAD Technical Analysis November 23, 2018
The USD declined 0.32% against the CAD on Thursday and closed at 1.3186. Today in European session while USD CAD technical analysis November 23, 2018 is preparing at at 7:15 GMT, the USD/CAD trading at 1.3215, which is 0.21% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3263 and a fall through could take it to the next support level of 1.3140. The pair is expected to find its first resistance at 1.3227, and a rise through could take it to the next resistance level of 1.3267. For today the expected trading range is between 1.3140, Support and 1.3267 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3163 Support 2: 1.3140 Support 3: 1.3100
Resistance Levels: Resistance 1: 1.3227 Resistance 2: 1.3267 Resistance 3: 1.3290
USD/CAD Buying Opportunity for Intraday Trading November 23, 2018
Buy near the support area 1.3163 and 1.3140 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 23, 2018
Sell near the resistance area 1.3227 and 1.3367 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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