USD CAD Technical Analysis October 26, 2018
The USD rose 0.11% against the CAD on Thursday and closed at 1.3070. Today in European session while USD CAD technical analysis October 26, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.3137, which is 0.51% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3024 and a fall through could take it to the next support level of 1.2977. The pair is expected to find its first resistance at 1.3144, and a rise through could take it to the next resistance level of 1.3190. For today the expected trading range is between 1.3024, Support and 1.3190 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3024 Support 2: 1.2977 Support 3: 1.2940
Resistance Levels: Resistance 1: 1.3107 Resistance 2: 1.3144 Resistance 3: 1.3190
USD/CAD Buying Opportunity for Intraday Trading October 26, 2018
Buy near the support area 1.3024 and 1.2977 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 26, 2018
Sell near the resistance area 1.3144 and 1.3190 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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