USD CAD Technical Analysis May 30, 2023
The USD declined 0.15% against the CAD on Monday and closed at 1.3589. Today in the European session, while USD CAD Technical Analysis May 30, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3582, which is 0.05% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3570 and a fall-through could take it to the next support level of 1.3555 The pair is expected to find its first resistance at 1.3600, and a rise-through could take it to the next resistance level of 1.3610. Today’s expected trading range is between 1.3530 support and 1.3645 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3570
Support 2: 1.3555
Support 3: 1.3530
Important resistance levels:
Resistance 1: 1.3600
Resistance 2: 1.3610
Resistance 3: 1.3645
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