USD CAD Technical Analysis Aug 17, 2023
The USD rose 0.24% against the CAD on Wednesday and closed at 1.3529. Today in the European session, while USD CAD Technical Analysis Aug 17, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.34510, which is 0.15% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3505 and a fall-through could take it to the next support level of 1.3480 The pair is expected to find its first resistance at 1.3550, and a rise-through could take it to the next resistance level of 1.3580. Today’s expected trading range is between 1.3445 support and 1.3600 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3505
Support 2: 1.3480
Support 3: 1.3445
Important resistance levels:
Resistance 1: 1.3550
Resistance 2: 1.3580
Resistance 3: 1.3600
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