USD CAD Technical Analysis June 1, 2023
The USD declined 0.24% against the CAD on Wednesday and closed at 1.3570. Today in the European session, while USD CAD Technical Analysis June 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3563, which is 0.05% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3560 and a fall-through could take it to the next support level of 1.3540 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 1.3625. Today’s expected trading range is between 1.3485 support and 1.3650 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3560
Support 2: 1.3540
Support 3: 1.3485
Important resistance levels:
Resistance 1: 1.3600
Resistance 2: 1.3625
Resistance 3: 1.3650
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