USD CAD Technical Analysis October 18, 2023
The USD rose 0.28% against the CAD on Tuesday and closed at 1.3646. Today in the European session, while USD CAD Technical Analysis October 18, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3638, which is 0.06% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3620 and a fall-through could take it to the next support level of 1.3605 The pair is expected to find its first resistance at 1.3657, and a rise-through could take it to the next resistance level of 1.3700. Today’s expected trading range is between 1.3570 support and 1.3740 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3620
Support 2: 1.3605
Support 3: 1.3570
Important resistance levels:
Resistance 1: 1.3657
Resistance 2: 1.3700
Resistance 3: 1.3740
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