USD CAD Technical Analysis November 5, 2018
The USD rose 0.12% against the CAD on Friday and closed at 1.3100. Today in European session while USD CAD technical analysis November 5, 2018 is preparing at at 8:45 GMT, the USD/CAD trading at 1.3107, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3060 and a fall through could take it to the next support level of 1.3018. The pair is expected to find its first resistance at 1.3130, and a rise through could take it to the next resistance level of 1.3160. For today the expected trading range is between 1.3060, Support and 1.3160 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3060 Support 2: 1.3018 Support 3: 1.2990
Resistance Levels: Resistance 1: 1.3130 Resistance 2: 1.3160 Resistance 3: 1.3200
USD/CAD Buying Opportunity for Intraday Trading November 5, 2018
Buy near the support area 1.3060 and 1.3018 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 5, 2018
Sell near the resistance area 1.3130 and 1.3160 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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