USD CAD Technical Analysis February 1, 2023
The USD declined 0.60% against the CAD on Tuesday and closed at 1.3304. Today in the European session, while USD CAD Technical Analysis February 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3308, which is 0.03% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3270 and a fall-through could take it to the next support level of 1.3240 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 1.3520. Today’s expected trading range is between 1.3200 support and 1.3560 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3270
Support 2: 1.3240
Support 3: 1.3200
Important resistance levels:
Resistance 1: 1.3470
Resistance 2: 1.3520
Resistance 3: 1.3560
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