USD CAD Technical Analysis May 17, 2023
The USD rose 0.11% against the CAD on Tuesday and closed at 1.3479. Today in the European session, while USD CAD Technical Analysis May 17, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3450, which is 0.20% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3400 and a fall-through could take it to the next support level of 1.3365 The pair is expected to find its first resistance at 1.3410, and a rise-through could take it to the next resistance level of 1.3365. Today’s expected trading range is between 1.3340 support and 1.3335 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3400
Support 2: 1.3365
Support 3: 1.3340
Important resistance levels:
Resistance 1: 1.3410
Resistance 2: 1.3365
Resistance 3: 1.3335
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