USD CAD Technical Analysis October 4, 2022
The USD declined 1.40% against the CAD on Monday and closed at 1.3622. Today in the European session, while USD CAD Technical Analysis October 4, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3633, which is 0.09% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3570 and a fall through could take it to the next support level of 1.3540 The pair is expected to find its first resistance at 1.3650, and a rise through could take it to the next resistance level of 1.3670. Today’s expected trading range is between 1.3500 support and 1.3755 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3570
Support 2: 1.3540
Support 3: 1.3500
Important resistance levels:
Resistance 1: 1.3650
Resistance 2: 1.3670
Resistance 3: 1.3755
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