USD CAD Technical Analysis Aug 16, 2023
The USD rose 0.27% against the CAD on Tuesday and closed at 1.3497. Today in the European session, while USD CAD Technical Analysis Aug 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3493, which is 0.03% lower 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 1.3475, and a rise-through could take it to the next resistance level of 1.3440. Today’s expected trading range is between 1.3375 support and 1.3415 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3475
Support 2: 1.3470
Support 3: 1.3445
Important resistance levels:
Resistance 1: 1.3475
Resistance 2: 1.3440
Resistance 3: 1.3415
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