USD CAD Technical Analysis May 25, 2023
The USD rose 0.67% against the CAD on Wednesday and closed at 1.3593. Today in the European session, while USD CAD Technical Analysis May 25, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3542, which is 0.30% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3585 and a fall-through could take it to the next support level of 1.3565 The pair is expected to find its first resistance at 1.3535, and a rise-through could take it to the next resistance level of 1.3565. Today’s expected trading range is between 1.3525 support and 1.3690 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3585
Support 2: 1.3565
Support 3: 1.3525
Important resistance levels:
Resistance 1: 1.3635
Resistance 2: 1.3665
Resistance 3: 1.3690
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