USD CAD Technical Analysis May 11, 2023
The USD declined 0.08% against the CAD on Wednesday and closed at 1.3371. Today in the European session, while USD CAD Technical Analysis May 11, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3406, which is 0.26% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3365 and a fall-through could take it to the next support level of 1.3335 The pair is expected to find its first resistance at 1.3420, and a rise-through could take it to the next resistance level of 1.3450. Today’s expected trading range is between 1.3305 support and 1.3510 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3365
Support 2: 1.3335
Support 3: 1.3305
Important resistance levels:
Resistance 1: 1.3420
Resistance 2: 1.3450
Resistance 3: 1.3510
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