USD CAD Technical Analysis May 29, 2023
The USD declined 0.15% against the CAD on Friday and closed at 1.3615. Today in the European session, while USD CAD Technical Analysis May 29, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3592, which is 0.17% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3585 and a fall-through could take it to the next support level of 1.3565 The pair is expected to find its first resistance at 1.3620, and a rise-through could take it to the next resistance level of 1.3645. Today’s expected trading range is between 1.3545 support and 1.3655 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3585
Support 2: 1.3565
Support 3: 1.3545
Important resistance levels:
Resistance 1: 1.3620
Resistance 2: 1.3645
Resistance 3: 1.3655
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