USD CAD Technical Analysis May 2, 2023
The USD rose 0.01% against the CAD on Monday and closed at 1.3543. Today in the European session, while USD CAD Technical Analysis May 2, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3599, which is 0.42% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3550 and a fall-through could take it to the next support level of 1.3535 The pair is expected to find its first resistance at 1.3600, and a rise-through could take it to the next resistance level of 1.3645. Today’s expected trading range is between 1.3480 support and 1.3665 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3550
Support 2: 1.3535
Support 3: 1.3480
Important resistance levels:
Resistance 1: 1.3600
Resistance 2: 1.3645
Resistance 3: 1.3665
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