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Daily USD CAD Technical Analysis 18th November, 2016

USD CAD Technical analysis

USD CAD Technical Analysis 18th November, 2016

Technical Analysis Overview:

Prev. Close      1.3521
Open               1.3521
Day’s Range   1.3517 – 1.3559
52 wk Range   1.2458 – 1.4692
1-Year Return +1.83%

Technical Support and Resistance:

Daily USD CAD Technical analysis shows USD/CAD pair may find the immediate support at 1.3510. If, market breaks the first support then it will go for the following support to test. Following supports are 1.3498 and 1.3486. On the other side the market has immediate resistance 1.3534. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3546 and 1.3558.

Expected trading range for today is between 1.3517 supports and 1.3559 resistance.

Along with technical analysis following economic event are very important to analyze the financial market properly.

 

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