USD CAD Technical Analysis October 18, 2022
The USD declined 1.11% against the CAD on Monday and closed at 1.3716. Today in the European session, while USD CAD Technical Analysis October 18, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3767, which is 0.37% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3705 and a fall through could take it to the next support level of 1.3660 The pair is expected to find its first resistance at 1.3770, and a rise through could take it to the next resistance level of 1.3835. Today’s expected trading range is between 1.3505 support and 1.3895 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3705
Support 2: 1.3660
Support 3: 1.3505
Important resistance levels:
Resistance 1: 1.3770
Resistance 2: 1.3835
Resistance 3: 1.3895
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