USD CAD Technical Analysis November 16, 2022
The USD declined 0.26% against the CAD on Tuesday and closed at 1.3279. Today in the European session, while USD CAD Technical Analysis November 16, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3248, which is 0.24% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3230 and a fall through could take it to the next support level of 1.3200 The pair is expected to find its first resistance at 1.3300, and a rise through could take it to the next resistance level of 1.3330. Today’s expected trading range is between 1.3150 support and 1.3350 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3230
Support 2: 1.3200
Support 3: 1.3150
Important resistance levels:
Resistance 1: 1.3300
Resistance 2: 1.3330
Resistance 3: 1.3350
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