USD CAD Technical Analysis October 20, 2023
The USD rose 0.04% against the CAD on Thursday and closed at 1.3718. Today in the European session, while USD CAD Technical Analysis October 20, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3692, which is 0.19% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3685 and a fall-through could take it to the next support level of 1.3655 The pair is expected to find its first resistance at 1.3735, and a rise-through could take it to the next resistance level of 1.3750. Today’s expected trading range is between 1.3620 support and 1.3780 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3685
Support 2: 1.3655
Support 3: 1.3620
Important resistance levels:
Resistance 1: 1.3735
Resistance 2: 1.3750
Resistance 3: 1.3780
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