USD CAD Technical Analysis October 2, 2023
The USD rose 0.61% against the CAD on Friday and closed at 1.3567. Today in the European session, while USD CAD Technical Analysis October 2, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3603, which is 0.27% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3540 and a fall-through could take it to the next support level of 1.3470 The pair is expected to find its first resistance at 1.3630, and a rise-through could take it to the next resistance level of 1.3650. Today’s expected trading range is between 1.3420 support and 1.3690 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3540
Support 2: 1.3470
Support 3: 1.3420
Important resistance levels:
Resistance 1: 1.3630
Resistance 2: 1.3650
Resistance 3: 1.3690
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