USD CAD Technical Analysis May 24, 2023
The USD rose 0.01% against the CAD on Wednesday and closed at 1.3502. Today in the European session, while USD CAD Technical Analysis May 24, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3542, which is 0.30% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3520 and a fall-through could take it to the next support level of 1.3485 The pair is expected to find its first resistance at 1.3565, and a rise-through could take it to the next resistance level of 1.3585. Today’s expected trading range is between 1.3440 support and 1.3640 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3520
Support 2: 1.3485
Support 3: 1.3440
Important resistance levels:
Resistance 1: 1.3565
Resistance 2: 1.3585
Resistance 3: 1.3640