USD CAD Technical Analysis December 12, 2022
The USD declined 0.44% against the CAD on Friday and closed at 1.3646. Today in the European session, while USD CAD Technical Analysis December 12, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3661, which is 0.10% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3605 and a fall through could take it to the next support level of 1.3565 The pair is expected to find its first resistance at 1.3675, and a rise through could take it to the next resistance level of 1.3695. Today’s expected trading range is between 1.3520 support and 1.3750 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3605
Support 2: 1.3565
Support 3: 1.3520
Important resistance levels:
Resistance 1: 1.3675
Resistance 2: 1.3695
Resistance 3: 1.3750
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