USD CAD Technical Analysis November 7, 2018
The USD rose 0.08% against the CAD on Tuesday and closed at 1.3119. Today in European session while USD CAD technical analysis November 7, 2018 is preparing at at 8:45 GMT, the USD/CAD trading at 1.3125, which is 0.04% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3098 and a fall through could take it to the next support level of 1.3076. The pair is expected to find its first resistance at 1.3142, and a rise through could take it to the next resistance level of 1.3165. For today the expected trading range is between 1.3076, Support and 1.3165 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3098 Support 2: 1.3076 Support 3: 1.3053
Resistance Levels: Resistance 1: 1.3142 Resistance 2: 1.3165 Resistance 3: 1.3187
USD/CAD Buying Opportunity for Intraday Trading November 7, 2018
Buy near the support area 1.3098 and 1.3076 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 7, 2018
Sell near the resistance area 1.3142 and 1.3165 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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