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USD CAD Technical Analysis October 4, 2023

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USD CAD Technical Analysis October 4, 2023

The USD rose 0.27% against the CAD on Tuesday and closed at 1.3707. Today in the European session, while USD CAD Technical Analysis October 4, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3704, which is 0.03% 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 1.3635 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 1.3770. Today’s expected trading range is between 1.3600 support and 1.3800 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3685
Support 2: 1.3635
Support 3: 1.3600

Important resistance levels:

Resistance 1: 1.3735
Resistance 2: 1.3770
Resistance 3: 1.3800

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