USD CAD Technical Analysis June 16, 2023
The USD declined 0.76% against the CAD on Thursday and closed at 1.3220. Today in the European session, while USD CAD Technical Analysis June 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3211, which is 0.06% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3200 and a fall-through could take it to the next support level of 1.3165 The pair is expected to find its first resistance at 1.3235, and a rise-through could take it to the next resistance level of 1.3260. Today’s expected trading range is between 1.3100 support and 1.3275 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3200
Support 2: 1.3165
Support 3: 1.3100
Important resistance levels:
Resistance 1: 1.3235
Resistance 2: 1.3260
Resistance 3: 1.3275
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