USD CAD Technical Analysis June 2, 2023
The USD declined 0.91% against the CAD on Thursday and closed at 1.3448. Today in the European session, while USD CAD Technical Analysis June 2, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3420, which is 0.21% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3405 and a fall-through could take it to the next support level of 1.3365 The pair is expected to find its first resistance at 1.3450, and a rise-through could take it to the next resistance level of 1.3470. Today’s expected trading range is between 1.3335 support and 1.3485 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3405
Support 2: 1.3365
Support 3: 1.3335
Important resistance levels:
Resistance 1: 1.3450
Resistance 2: 1.3470
Resistance 3: 1.3485
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