USD CAD Technical Analysis Aug 14, 2023
The USD declined 0.02% against the CAD on Friday and closed at 1.3445. Today in the European session, while USD CAD Technical Analysis Aug 14, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3446, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3440 and a fall-through could take it to the next support level of 1.3415 The pair is expected to find its first resistance at 1.3468, and a rise-through could take it to the next resistance level of 1.3500. Today’s expected trading range is between 1.3375 support and 1.3530 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3440
Support 2: 1.3315
Support 3: 1.3375
Important resistance levels:
Resistance 1: 1.3468
Resistance 2: 1.3500
Resistance 3: 1.3530
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