USD CAD Technical Analysis October 11, 2022
The USD rose 0.35% against the CAD on Monday and closed at 1.3777. Today in the European session, while USD CAD Technical Analysis October 11, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3772, which is 0.04% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3760 and a fall through could take it to the next support level of 1.3725 The pair is expected to find its first resistance at 1.3855, and a rise through could take it to the next resistance level of 1.3875. Today’s expected trading range is between 1.3680 support and 1.3900 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3760
Support 2: 1.3725
Support 3: 1.3680
Important resistance levels:
Resistance 1: 1.3855
Resistance 2: 1.3875
Resistance 3: 1.3900
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