USD CAD Technical Analysis June 8, 2023
The USD declined 0.26% against the CAD on Wednesday and closed at 1.3370. Today in the European session, while USD CAD Technical Analysis June 8, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3346, which is 0.19% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3320 and a fall-through could take it to the next support level of 1.3300 The pair is expected to find its first resistance at 1.3375, and a rise-through could take it to the next resistance level of 1.3420. Today’s expected trading range is between 1.3230 support and 1.3450 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3320
Support 2: 1.3300
Support 3: 1.3230
Important resistance levels:
Resistance 1: 1.3375
Resistance 2: 1.3420
Resistance 3: 1.3450
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