USD CAD Technical Analysis Aug 23, 2023
The USD rose 0.08% against the CAD on Tuesday and closed at 1.3551. Today in the European session, while USD CAD Technical Analysis Aug 23, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3570, which is 0.15% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3535 and a fall-through could take it to the next support level of 1.3515 The pair is expected to find its first resistance at 1.3575, and a rise-through could take it to the next resistance level of 1.3600. Today’s expected trading range is between 1.3500 support and 1.3630 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3535
Support 2: 1.3515
Support 3: 1.3500
Important resistance levels:
Resistance 1: 1.3575
Resistance 2: 1.3600
Resistance 3: 1.3630
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