USD CAD Technical Analysis March 8, 2023
The USD rose 1.03% against the CAD on Tuesday and closed at 1.3753. Today in the European session, while USD CAD Technical Analysis March 8, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3746, which is 0.05% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3700 and a fall-through could take it to the next support level of 1.3660 The pair is expected to find its first resistance at 1.3770, and a rise-through could take it to the next resistance level of 1.3800. Today’s expected trading range is between 1.3640 support and 1.3825 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3700
Support 2: 1.3660
Support 3: 1.3640
Important resistance levels:
Resistance 1: 1.3770
Resistance 2: 1.3800
Resistance 3: 1.3825
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