USD CAD Technical Analysis September 3, 2018
The USD rose 0.48% against the CAD on Friday and closed at 1.3042. Today in European session at 9:15 GMT, the USD/CAD trading at 1.3050, which is 0.06% higher against CAD from yesterday’s close.
In the American Session Canadian data showed that, Producer prices in Canada: The Industrial Product Price Index (IPPI) in Canada fell 0.2% on a monthly basis in July of 2018, down from a 0.7 percent revised increase in June and six consecutive months of gains.
USD CAD Technical Analysis September 3, 2018.
The pair is expected to find the support at 1.2977 and a fall through could take it to the next support level of 1.2912. The pair is expected to find its first resistance at 1.3097, and a rise through could take it to the next resistance level of 1.3152. For today the expected trading range is between 1.2900, Support and 1.3136 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2977 Support 2: 1.2912 Support 3: 1.2858
Resistance Levels: Resistance 1: 1.3097 Resistance 2: 1.3152 Resistance 3: 1.3216
Previous day`s high: 1.3087
Previous day`s low: 1.2967
USD/CAD Buying Opportunity for Intraday Trading September 3, 2018
Buy near the support area 1.2977 and 1.2912 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji
USD/CAD Selling Opportunity for Intraday Trading September 3, 2018
Sell near the resistance area 1.3097 and 1.3152 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji
EUR/USD Technical Analysis September 3, 2018