USD CAD Technical Analysis February 2, 2023
The USD declined 0.11% against the CAD on Wednesday and closed at 1.3290. Today in the European session, while USD CAD Technical Analysis February 2, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3322, which is 0.25% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3265 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 1.3360, and a rise-through could take it to the next resistance level of 1.3380. Today’s expected trading range is between 1.3200 support and 1.3420 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3265
Support 2: 1.3240
Support 3: 1.3200
Important resistance levels:
Resistance 1: 1.3360
Resistance 2: 1.3380
Resistance 3: 1.3420
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