USD CAD Technical Analysis Aug 10, 2023
The USD rose 0.18% against the CAD on Thursday and closed at 1.3447. Today in the European session, while USD CAD Technical Analysis Aug 10, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3456, which is 0.07% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3430 and a fall-through could take it to the next support level of 1.3375 The pair is expected to find its first resistance at 1.3475, and a rise-through could take it to the next resistance level of 1.3500. Today’s expected trading range is between 1.3360 support and 1.3530 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3430
Support 2: 1.3375
Support 3: 1.3360
Important resistance levels:
Resistance 1: 1.3475
Resistance 2: 1.3500
Resistance 3: 1.3530
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