USD CAD Technical Analysis October 12, 2022
The USD rose 0.13% against the CAD on Tuesday and closed at 1.3793. Today in the European session, while USD CAD Technical Analysis October 12, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3765, which is 0.20% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3715 and a fall through could take it to the next support level of 1.3700 The pair is expected to find its first resistance at 1.3825, and a rise through could take it to the next resistance level of 1.3855. Today’s expected trading range is between 1.3675 support and 1.3900 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3715
Support 2: 1.3700
Support 3: 1.3675
Important resistance levels:
Resistance 1: 1.3825
Resistance 2: 1.3855
Resistance 3: 1.3900
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