USD CAD Technical Analysis May 18, 2023
The USD declined 0.13% against the CAD on Wednesday and closed at 1.3454. Today in the European session, while USD CAD Technical Analysis May 18, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3470, which is 0.11% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3400 and a fall-through could take it to the next support level of 1.3405 The pair is expected to find its first resistance at 1.3410, and a rise-through could take it to the next resistance level of 1.3535. Today’s expected trading range is between 1.3340 support and 1.3560 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3440
Support 2: 1.3405
Support 3: 1.3340
Important resistance levels:
Resistance 1: 1.3410
Resistance 2: 1.3535
Resistance 3: 1.3560