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USD CAD Technical Analysis October 8, 2018

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USD CAD Technical Analysis October 8, 2018

The USD rose 0.18% against the CAD on Friday and closed at 1.2944. Today in European session while USD CAD technical analysis October 8, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.3000, which is 0.43% higher against CAD from yesterday’s close.

USD CAD technical analysis 8 October 2018

The pair is expected to find the support at 1.2900 and a fall through could take it to the next support level of 1.2860. The pair is expected to find its first resistance at 1.3000, and a rise through could take it to the next resistance level of 1.3038. For today the expected trading range is between 1.2900, Support and 1.3000 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2900 Support 2: 1.2860 Support 3: 1.2834
Resistance Levels: Resistance 1: 1.2970 Resistance 2: 1.3000 Resistance 3: 1.3038

USD/CAD Buying Opportunity for Intraday Trading October 8, 2018

Buy near the support area 1.2900 and 1.2860 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 8, 2018

Sell near the resistance area 1.3000 and 1.3038 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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