USD CAD Technical Analysis October 11, 2018

The USD rose 0.95% against the CAD on Wednesday and closed at 1.3065. Today in European session while USD CAD technical analysis October 11, 2018 is preparing at at 6:45 GMT, the USD/CAD trading at 1.3045, which is 0.15% lower against CAD from yesterday’s close.

USD CAD technical analysis 11 October 2018

The pair is expected to find the support at 1.2972 and a fall through could take it to the next support level of 1.2877. The pair is expected to find its first resistance at 1.3114, and a rise through could take it to the next resistance level of 1.3162. For today the expected trading range is between 1.2972, Support and 1.3114 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2972 Support 2: 1.2877 Support 3: 1.2829
Resistance Levels: Resistance 1: 1.3114 Resistance 2: 1.3162 Resistance 3: 1.3053

USD/CAD Buying Opportunity for Intraday Trading October 11, 2018

Buy near the support area 1.2972 and 1.2877 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 11, 2018

Sell near the resistance area 1.3114 and 1.3162 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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