USD CAD Technical Analysis October 25, 2018
The USD declined 0.20% against the CAD on Wednesday and closed at 1.3055. Today in European session while USD CAD technical analysis October 25, 2018 is preparing at at 9:45 GMT, the USD/CAD trading at 1.3025, which is 0.22% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2982 and a fall through could take it to the next support level of 1.2910. The pair is expected to find its first resistance at 1.3113, and a rise through could take it to the next resistance level of 1.3172. For today the expected trading range is between 1.2982, Support and 1.3113 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2982 Support 2: 1.2910 Support 3: 1.2851
Resistance Levels: Resistance 1: 1.3113 Resistance 2: 1.3172 Resistance 3: 1.3245
USD/CAD Buying Opportunity for Intraday Trading October 25, 2018
Buy near the support area 1.2982 and 1.2910 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 25, 2018
Sell near the resistance area 1.3113 and 1.3172 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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