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USD CAD Technical Analysis October 6, 2023

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USD CAD Technical Analysis October 6, 2023

The USD declined 0.24% against the CAD on Thursday and closed at 1.3704. Today in the European session, while USD CAD Technical Analysis October 6, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3710, which is 0.04% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3690 and a fall-through could take it to the next support level of 1.3650 The pair is expected to find its first resistance at 1.3760, and a rise-through could take it to the next resistance level of 1.3780. 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: 1.3690
Support 2: 1.3650
Support 3: 1.3560

Important resistance levels:

Resistance 1: 1.3760
Resistance 2: 1.3780
Resistance 3: 1.3800

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