USD CAD Technical Analysis October 17, 2023
The USD declined 0.28% against the CAD on Monday and closed at 1.3609. Today in the European session, while USD CAD Technical Analysis October 17, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3632, which is 0.17% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3605 and a fall-through could take it to the next support level of 1.3580 The pair is expected to find its first resistance at 1.3642, and a rise-through could take it to the next resistance level of 1.3652. Today’s expected trading range is between 1.3570 support and 1.3690 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3605
Support 2: 1.3580
Support 3: 1.3570
Important resistance levels:
Resistance 1: 1.3642
Resistance 2: 1.3652
Resistance 3: 1.3690
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