USD CAD Technical Analysis October 12, 2023
The USD rose 0.07% against the CAD on Wednesday and closed at 1.3591. Today in the European session, while USD CAD Technical Analysis October 12, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3613, which is 0.15% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3580 and a fall-through could take it to the next support level of 1.3570 The pair is expected to find its first resistance at 1.3620, and a rise-through could take it to the next resistance level of 1.3640. Today’s expected trading range is between 1.3540 support and 1.3675 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3580
Support 2: 1.3570
Support 3: 1.3540
Important resistance levels:
Resistance 1: 1.3620
Resistance 2: 1.3640
Resistance 3: 1.3675
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