USD CAD Technical Analysis December 5, 2022
The USD rose 0.26% against the CAD on Friday and closed at 1.3463. Today in the European session, while USD CAD Technical Analysis December 5, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3415, which is 0.35% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3385 and a fall through could take it to the next support level of 1.3365 The pair is expected to find its first resistance at 1.3445, and a rise through could take it to the next resistance level of 1.3515. Today’s expected trading range is between 1.3320 support and 1.3575 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3385
Support 2: 1.3365
Support 3: 1.3320
Important resistance levels:
Resistance 1: 1.3445
Resistance 2: 1.3515
Resistance 3: 1.3575
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