USD CAD Technical Analysis Aug 25, 2023
The USD rose 0.45% against the CAD on Thursday and closed at 1.3582. Today in the European session, while USD CAD Technical Analysis Aug 25, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3573, which is 0.07% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3560 and a fall-through could take it to the next support level of 1.3530 The pair is expected to find its first resistance at 1.3600, and a rise-through could take it to the next resistance level of 1.3645. Today’s expected trading range is between 1.3510 support and 1.3660 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3560
Support 2: 1.3530
Support 3: 1.3510
Important resistance levels:
Resistance 1: 1.3600
Resistance 2: 1.3645
Resistance 3: 1.3660
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