USD CAD Technical Analysis October 6, 2022
The USD rose 0.81% against the CAD on Wednesday and closed at 1.3618. Today in the European session, while USD CAD Technical Analysis October 6, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3667, which is 0.35% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3565 and a fall through could take it to the next support level of 1.3505 The pair is expected to find its first resistance at 1.3690, and a rise through could take it to the next resistance level of 1.3710. Today’s expected trading range is between 1.3410 support and 1.3780 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3565
Support 2: 1.3505
Support 3: 1.3410
Important resistance levels:
Resistance 1: 1.3690
Resistance 2: 1.3710
Resistance 3: 1.3780
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