USD CAD Technical Analysis June 12, 2023
The USD declined 0.11% against the CAD on Friday and closed at 1.3339. Today in the European session, while USD CAD Technical Analysis June 12, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3318, which is 0.16% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3315 and a fall-through could take it to the next support level of 1.3330 The pair is expected to find its first resistance at 1.3355, and a rise-through could take it to the next resistance level of 1.3365. Today’s expected trading range is between 1.3280 support and 1.3385 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3315
Support 2: 1.3300
Support 3: 1.3280
Important resistance levels:
Resistance 1: 1.3355
Resistance 2: 1.3365
Resistance 3: 1.3385
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