USD CAD Technical Analysis January 31, 2023
The USD rose 0.56% against the CAD on Monday and closed at 1.3386. Today in the European session, while USD CAD Technical Analysis January 31, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3460, which is 0.57% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3425 and a fall-through could take it to the next support level of 1.3380 The pair is expected to find its first resistance at 1.3470, and a rise-through could take it to the next resistance level of 1.3490. Today’s expected trading range is between 1.3320 support and 1.3520 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3425
Support 2: 1.3380
Support 3: 1.3320
Important resistance levels:
Resistance 1: 1.3470
Resistance 2: 1.3490
Resistance 3: 1.3520
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