USD CAD Technical Analysis October 19, 2023
The USD rose 0.51% against the CAD on Wednesday and closed at 1.3715. Today in the European session, while USD CAD Technical Analysis October 19, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3732, which is 0.12% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3700 and a fall-through could take it to the next support level of 1.3680 The pair is expected to find its first resistance at 1.3735, and a rise-through could take it to the next resistance level of 1.3750. Today’s expected trading range is between 1.3620 support and 1.3780 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3700
Support 2: 1.3680
Support 3: 1.3620
Important resistance levels:
Resistance 1: 1.3735
Resistance 2: 1.3750
Resistance 3: 1.3780
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