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USD CAD Technical Analysis June 6, 2023

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USD CAD Technical Analysis June 6, 2023

The USD rose 0.18% against the CAD on Monday and closed at 1.3444. Today in the European session, while USD CAD Technical Analysis June 6, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3426, which is 0.13% lower than CAD from yesterday’s close.

The pair is expected to find support at 1.3395 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 1.3460. Today’s expected trading range is between 1.3335 support and 1.3485 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3395
Support 2: 1.3365
Support 3: 1.3335

Important resistance levels:

Resistance 1: 1.3450
Resistance 2: 1.3460
Resistance 3: 1.3485

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