USD CAD Technical Analysis May 31, 2023
The USD rose 0.03% against the CAD on Tuesday and closed at 1.3598. Today in the European session, while USD CAD Technical Analysis May 31, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3644, which is 0.34% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3610 and a fall-through could take it to the next support level of 1.3595 The pair is expected to find its first resistance at 1.3650, and a rise-through could take it to the next resistance level of 1.3665. Today’s expected trading range is between 1.3570 support and 1.3690 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3610
Support 2: 1.3595
Support 3: 1.3570
Important resistance levels:
Resistance 1: 1.3650
Resistance 2: 1.3665
Resistance 3: 1.3690
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