USD CAD Technical Analysis May 19, 2023
The USD rose 0.36% against the CAD on Thursday and closed at 1.3500. Today in the European session, while USD CAD Technical Analysis May 19, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3471, which is 0.21% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3470 and a fall-through could take it to the next support level of 1.3460 The pair is expected to find its first resistance at 1.3495, and a rise-through could take it to the next resistance level of 1.3520. Today’s expected trading range is between 1.3440 support and 1.3535 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3470
Support 2: 1.3460
Support 3: 1.3440
Important resistance levels:
Resistance 1: 1.3495
Resistance 2: 1.3520
Resistance 3: 1.3535