USD CAD Technical Analysis October 9, 2023
The USD declined 0.32% against the CAD on Friday and closed at 1.3661. Today in the European session, while USD CAD Technical Analysis October 9, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3660, which is 0.01% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3640 and a fall-through could take it to the next support level of 1.3620 The pair is expected to find its first resistance at 1.3695, and a rise-through could take it to the next resistance level of 1.3740. Today’s expected trading range is between 1.3600 support and 1.3780 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3640
Support 2: 1.3620
Support 3: 1.3600
Important resistance levels:
Resistance 1: 1.3795
Resistance 2: 1.3740
Resistance 3: 1.3780
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