USD CAD Technical Analysis October 7, 2022
The USD rose 0.96% against the CAD on Thursday and closed at 1.3746. Today in the European session, while USD CAD Technical Analysis October 7, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3708, which is 0.28% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3690 and a fall through could take it to the next support level of 1.3650 The pair is expected to find its first resistance at 1.3755, and a rise through could take it to the next resistance level of 1.3810. Today’s expected trading range is between 1.3565 support and 1.3830 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3690
Support 2: 1.3650
Support 3: 1.3565
Important resistance levels:
Resistance 1: 1.3755
Resistance 2: 1.3810
Resistance 3: 1.3830
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