USD CAD Technical Analysis Aug 18, 2023
The USD rose 0.11% against the CAD on Thursday and closed at 1.3545. Today in the European session, while USD CAD Technical Analysis Aug 18, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3571, which is 0.17% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3530 and a fall-through could take it to the next support level of 1.3500 The pair is expected to find its first resistance at 1.3580, and a rise-through could take it to the next resistance level of 1.3600. Today’s expected trading range is between 1.3475 support and 1.3620 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3530
Support 2: 1.3500
Support 3: 1.3475
Important resistance levels:
Resistance 1: 1.3500
Resistance 2: 1.3600
Resistance 3: 1.3620
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