USD CAD Technical Analysis March 16, 2023
The USD rose 0.60% against the CAD on Wednesday and closed at 1.3765. Today in the European session, while USD CAD Technical Analysis March 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3750, which is 0.10% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3725 and a fall-through could take it to the next support level of 1.3680 The pair is expected to find its first resistance at 1.3767, and a rise-through could take it to the next resistance level of 1.3810. Today’s expected trading range is between 1.3655 support and 1.3850 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3725
Support 2: 1.3680
Support 3: 1.3655
Important resistance levels:
Resistance 1: 1.3767
Resistance 2: 1.3810
Resistance 3: 1.3850
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