USD CAD Technical Analysis September 26, 2018

The USD declined 0.01% against the CAD on Monday and closed at 1.2951. Today in European session while USD CAD technical analysis September 26, 2018 is preparing at at 10:45 GMT, the USD/CAD trading at 1.2950, which is 0.1% lower against CAD from yesterday’s close.

When the US market opens, some economic data will release such us New Home Sales, FOMC Economic Forecasts, Federal Open Market Committee statement, Federal Funds Rate, Crude oil inventories.

USD CAD technical analysis September 26, 2018

The pair is expected to find the support at 1.2933 and a fall through could take it to the next support level of 1.2915. 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 1.2990. For today the expected trading range is between 1.2915, Support and 1.2970 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2933 Support 2: 1.2915 Support 3: 1.2896
Resistance Levels: Resistance 1: 1.2970 Resistance 2: 1.2990 Resistance 3: 1.3000

Previous day`s high: 1.2971
Previous day`s low: 1.2935

USD/CAD Buying Opportunity for Intraday Trading September 26, 2018

Buy near the support area 1.2933 and 1.2915 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 26, 2018

Sell near the resistance area 1.2970 and 1.2990 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.

EUR/USD Technical Analysis September 26, 2018
GBP/USD Technical Analysis September 26, 2018
USD/JPY Technical Analysis September 26, 2018