USD CAD Technical Analysis Aug 22, 2023
The USD declined 0.01% against the CAD on Monday and closed at 1.3544. Today in the European session, while USD CAD Technical Analysis Aug 22, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3515, which is 0.21% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3500 and a fall-through could take it to the next support level of 1.3475 The pair is expected to find its first resistance at 1.3537, and a rise-through could take it to the next resistance level of 1.3570. Today’s expected trading range is between 1.3440 support and 1.3600 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3500
Support 2: 1.3475
Support 3: 1.3440
Important resistance levels:
Resistance 1: 1.3537
Resistance 2: 1.3570
Resistance 3: 1.3600
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