USD/CAD analysis for July 13, 2018


Recently, USD/CAD has been trading upwards. As I expected, the price tested the level of 1.3200. According to the H1 time frame, I found a breakout of supply trendline in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.3245 and at the price of 1.3300.

Resistance levels:

R1: 1.3200

R2: 1.3220

R3: 1.3245

Support levels:

S1: 1.3150

S2: 1.3135

S3: 1.3110

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -