USD CAD Technical Analysis October 29, 2018
The USD rose 0.17% against the CAD on Friday and closed at 1.3093. Today in European session while USD CAD technical analysis October 29, 2018 is preparing at at 9:45 GMT, the USD/CAD trading at 1.3100, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.3054 and a fall through could take it to the next support level of 1.3015. The pair is expected to find its first resistance at 1.3145, and a rise through could take it to the next resistance level of 1.3197. For today the expected trading range is between 1.3054, Support and 1.3197 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3054 Support 2: 1.3015 Support 3: 1.2963
Resistance Levels: Resistance 1: 1.3145 Resistance 2: 1.3197 Resistance 3: 1.3235
USD/CAD Buying Opportunity for Intraday Trading October 29, 2018
Buy near the support area 1.3054 and 1.3015 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 29, 2018
Sell near the resistance area 1.3145 and 1.3197 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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