USD CAD Technical Analysis October 20, 2022
The USD rose 0.20% against the CAD on Wednesday and closed at 1.3762. Today in the European session, while USD CAD Technical Analysis October 20, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3744, which is 0.13% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3720 and a fall through could take it to the next support level of 1.3695 The pair is expected to find its first resistance at 1.3805, and a rise through could take it to the next resistance level of 1.3840. Today’s expected trading range is between 1.3660 support and 1.3895 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3720
Support 2: 1.3695
Support 3: 1.3660
Important resistance levels:
Resistance 1: 1.3805
Resistance 2: 1.3840
Resistance 3: 1.3895
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