USD CAD Technical Analysis January 4, 2023
The USD rose 0.72% against the CAD on Wednesday and closed at 1.3668. Today in the European session, while USD CAD Technical Analysis January 4, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3563, which is 0.77% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3525 and a fall-through could take it to the next support level of 1.35155 The pair is expected to find its first resistance at 1.3655, and a rise through could take it to the next resistance level of 1.3680. Today’s expected trading range is between 1.3485 support and 1.3730 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3525
Support 2: 1.3515
Support 3: 1.3485
Important resistance levels:
Resistance 1: 1.3655
Resistance 2: 1.3680
Resistance 3: 1.3730
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