USD CAD Technical Analysis October 21, 2022
The USD rose 0.04% against the CAD on Thursday and closed at 1.3764. Today in the European session, while USD CAD Technical Analysis October 21, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3817, which is 0.40% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3765 and a fall through could take it to the next support level of 1.3720 The pair is expected to find its first resistance at 1.3830, and a rise through could take it to the next resistance level of 1.3895. Today’s expected trading range is between 1.3655 support and 1.3920 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3765
Support 2: 1.3720
Support 3: 1.3655
Important resistance levels:
Resistance 1: 1.3830
Resistance 2: 1.3895
Resistance 3: 1.3920
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