USD CAD Technical Analysis March 1, 2023
The USD rose 0.55% against the CAD on Wednesday and closed at 1.3646. Today in the European session, while USD CAD Technical Analysis March 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3596, which is 0.37% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3590 and a fall-through could take it to the next support level of 1.3560 The pair is expected to find its first resistance at 1.3655, and a rise-through could take it to the next resistance level of 1.3665. Today’s expected trading range is between 1.3535 support and 1.3700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3590
Support 2: 1.3560
Support 3: 1.3535
Important resistance levels:
Resistance 1: 1.3655
Resistance 2: 1.3665
Resistance 3: 1.3700
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