USD CAD Technical Analysis May 1, 2023
The USD declined 0.36% against the CAD on Friday and closed at 1.3543. Today in the European session, while USD CAD Technical Analysis May 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3576, which is 0.24% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3535 and a fall-through could take it to the next support level of 1.3525 The pair is expected to find its first resistance at 1.3580, and a rise-through could take it to the next resistance level of 1.3590. Today’s expected trading range is between 1.3450 support and 1.3630 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3535
Support 2: 1.3525
Support 3: 1.3450
Important resistance levels:
Resistance 1: 1.3580
Resistance 2: 1.3590
Resistance 3: 1.3630
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