USD CAD Technical Analysis October 30, 2018
The USD rose 0.24% against the CAD on Monday and closed at 1.3128. Today in European session while USD CAD technical analysis October 30, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.3123, which is 0.03% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.3090 and a fall through could take it to the next support level of 1.3053. The pair is expected to find its first resistance at 1.3157, and a rise through could take it to the next resistance level of 1.3186. For today the expected trading range is between 1.3090, Support and 1.3157 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3090 Support 2: 1.3053 Support 3: 1.3024
Resistance Levels: Resistance 1: 1.3157 Resistance 2: 1.3186 Resistance 3: 1.3224
USD/CAD Buying Opportunity for Intraday Trading October 30, 2018
Buy near the support area 1.3090 and 1.3053 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 30, 2018
Sell near the resistance area 1.3157 and 1.3186 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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