USD CAD Technical Analysis December 6, 2022
The USD rose 0.94% against the CAD on Monday and closed at 1.3588. Today in the European session, while USD CAD Technical Analysis December 6, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3502, which is 0.10% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3570 and a fall through could take it to the next support level of 1.3520 The pair is expected to find its first resistance at 1.3640, and a rise through could take it to the next resistance level of 1.3750. Today’s expected trading range is between 1.3450 support and 1.3800 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3570
Support 2: 1.3520
Support 3: 1.3450
Important resistance levels:
Resistance 1: 1.3640
Resistance 2: 1.3750
Resistance 3: 1.3800