USD CAD Technical Analysis October 9, 2018
The USD rose 0.10% against the CAD on Monday and closed at 1.2957. Today in European session while USD CAD technical analysis October 9, 2018 is preparing at at 10:15 GMT, the USD/CAD trading at 1.2980, which is 0.17% higher against CAD from yesterday’s close.
USD CAD technical analysis 9 October 2018
The pair is expected to find the support at 1.2922 and a fall through could take it to the next support level of 1.2886. 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 1.3045. For today the expected trading range is between 1.2900, Support and 1.3000 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2922 Support 2: 1.2886 Support 3: 1.2842
Resistance Levels: Resistance 1: 1.3000 Resistance 2: 1.3045 Resistance 3: 1.3080
USD/CAD Buying Opportunity for Intraday Trading October 9, 2018
Buy near the support area 1.2922 and 1.2886 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 9, 2018
Sell near the resistance area 1.3000 and 1.3045 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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