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USD CAD Technical Analysis April 18, 2023

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USD CAD Technical Analysis April 18, 2023

The USD rose 0.21% against the CAD on Monday and closed at 1.3391. Today in the European session, while USD CAD Technical Analysis April 18, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3367, which is 0.18% lower than CAD from yesterday’s close.

The pair is expected to find support at 1.3345 and a fall-through could take it to the next support level of 1.3325 The pair is expected to find its first resistance at 1.3415, and a rise-through could take it to the next resistance level of 1.3445. Today’s expected trading range is between 1.3305 support and 1.3485 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3345
Support 2: 1.3325
Support 3: 1.3305

Important resistance levels:

Resistance 1: 1.3415
Resistance 2: 1.3445
Resistance 3: 1.3485

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