USD CAD Technical Analysis June 5, 2023
The USD declined 0.13% against the CAD on Friday and closed at 1.3429. Today in the European session, while USD CAD Technical Analysis June 5, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3435, which is 0.05% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3420 and a fall-through could take it to the next support level of 1.3410 The pair is expected to find its first resistance at 1.3450, and a rise-through could take it to the next resistance level of 1.3470. Today’s expected trading range is between 1.3335 support and 1.3485 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3420
Support 2: 1.3410
Support 3: 1.3335
Important resistance levels:
Resistance 1: 1.3450
Resistance 2: 1.3470
Resistance 3: 1.3485
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