USD CAD Technical Analysis September 25, 2018

The USD rose 0.22% against the CAD on Monday and closed at 1.2954. Today in European session while USD CAD technical analysis September 25, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.2955, which is 0.1% higher against CAD from yesterday’s close.

In US session, the Canadian data showed that the wholesale sales rose for the third time in five months, rising 1.5% in July to $63.9 billion, offsetting a 0.9% decline in June. Sales in four of the seven sub-sectors increased, accounting for approximately 66% of total wholesale sales.

USD CAD technical analysis September 25, 2018

The pair is expected to find the support at 1.2923 and a fall through could take it to the next support level of 1.2892. The pair is expected to find its first resistance at 1.2970, and a rise through could take it to the next resistance level of 1.2985. For today the expected trading range is between 1.2923, Support and 1.2985 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2923 Support 2: 1.2892 Support 3: 1.2876
Resistance Levels: Resistance 1: 1.2970 Resistance 2: 1.2985 Resistance 3: 1.3017

Previous day`s high: 1.2954
Previous day`s low: 1.2908

USD/CAD Buying Opportunity for Intraday Trading September 25, 2018

Buy near the support area 1.2930 and 1.2892 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.

USD/CAD Selling Opportunity for Intraday Trading September 25, 2018

Sell near the resistance area 1.2970 and 1.2985 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.

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