Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

USD CAD Technical Analysis May 1, 2023

0

USD CAD Technical Analysis May 1, 2023

The USD declined 0.36% against the CAD on Friday and closed at 1.3543. Today in the European session, while USD CAD Technical Analysis May 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3576, which is 0.24% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3535 and a fall-through could take it to the next support level of 1.3525 The pair is expected to find its first resistance at 1.3580, and a rise-through could take it to the next resistance level of 1.3590. Today’s expected trading range is between 1.3450 support and 1.3630 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3535
Support 2: 1.3525
Support 3: 1.3450

Important resistance levels:

Resistance 1: 1.3580
Resistance 2: 1.3590
Resistance 3: 1.3630

EUR/USD Technical Analysis May 1, 2023
GBP/USD Technical Analysis May 1, 2023
USD/JPY Technical Analysis May 1, 2023

Leave A Reply

Your email address will not be published.