USD CAD Technical Analysis May 15, 2023
The USD rose 0.52% against the CAD on Friday and closed at 1.3555. Today in the European session, while USD CAD Technical Analysis May 15, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3303, which is 0.39% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3500 and a fall-through could take it to the next support level of 1.3480 The pair is expected to find its first resistance at 1.3565, and a rise-through could take it to the next resistance level of 1.3590. Today’s expected trading range is between 1.3410 support and 1.3630 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3500
Support 2: 1.3480
Support 3: 1.3410
Important resistance levels:
Resistance 1: 1.3565
Resistance 2: 1.3590
Resistance 3: 1.3630
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