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USD CAD Technical Analysis May 9, 2023

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USD CAD Technical Analysis May 9, 2023

The USD declined 0.10% against the CAD on Monday and closed at 1.3372. Today in the European session, while USD CAD Technical Analysis May 9, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3395, which is 0.16% 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 1.3320 The pair is expected to find its first resistance at 1.3395, and a rise-through could take it to the next resistance level of 1.3400. Today’s expected trading range is between 1.3300 support and 1.3430 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3365
Support 2: 1.3320
Support 3: 1.3300

Important resistance levels:

Resistance 1: 1.3395
Resistance 2: 1.3400
Resistance 3: 1.3430

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