USD CAD Technical Analysis October 16, 2023
The USD declined 0.21% against the CAD on Friday and closed at 1.3659. Today in the European session, while USD CAD Technical Analysis October 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3645, which is 0.10% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3635 and a fall-through could take it to the next support level of 1.3625 The pair is expected to find its first resistance at 1.3660, and a rise-through could take it to the next resistance level of 1.3690. Today’s expected trading range is between 1.3575 support and 1.3740 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3635
Support 2: 1.3625
Support 3: 1.3575
Important resistance levels:
Resistance 1: 1.3660
Resistance 2: 1.3690
Resistance 3: 1.3740
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