USD CAD Technical Analysis October 10, 2018

The USD declined 0.12% against the CAD on Tuesday and closed at 1.2943. Today in European session while USD CAD technical analysis October 10, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.2955, which is 0.09% higher against CAD from yesterday’s close.

USD CAD technical analysis 10 October 2018

The pair is expected to find the support at 1.2917 and a fall through could take it to the next support level of 1.2892. The pair is expected to find its first resistance at 1.2985, and a rise through could take it to the next resistance level of 1.3028. For today the expected trading range is between 1.2892, Support and 1.3053 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2917 Support 2: 1.2892 Support 3: 1.2849
Resistance Levels: Resistance 1: 1.2985 Resistance 2: 1.3028 Resistance 3: 1.3053

USD/CAD Buying Opportunity for Intraday Trading October 10, 2018

Buy near the support area 1.2917 and 1.2892 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 October 10, 2018

Sell near the resistance area 1.2985 and 1.3028 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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