USD CAD Technical Analysis October 3, 2022
The USD rose 1.16% against the CAD on Friday and closed at 1.3834. Today in the European session, while USD CAD Technical Analysis October 3, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3760, which is 0.53% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3735 and a fall through could take it to the next support level of 1.3720 The pair is expected to find its first resistance at 1.3785, and a rise through could take it to the next resistance level of 1.3830. Today’s expected trading range is between 1.3660 support and 1.3830 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3735
Support 2: 1.3720
Support 3: 1.3660
Important resistance levels:
Resistance 1: 1.3785
Resistance 2: 1.3830
Resistance 3: 1.3890
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