USD CAD Technical Analysis October 5, 2023
The USD rose 0.26% against the CAD on Wednesday and closed at 1.3743. Today in the European session, while USD CAD Technical Analysis October 5, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3768, which is 0.18% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3710 and a fall-through could take it to the next support level of 1.3685 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 1.3825. Today’s expected trading range is between 1.3560 support and 1.3800 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3710
Support 2: 1.3685
Support 3: 1.3560
Important resistance levels:
Resistance 1: 1.3785
Resistance 2: 1.3825
Resistance 3: 1.3855
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