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USD CAD Technical Analysis February 3, 2023

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USD CAD Technical Analysis February 3, 2023

The USD rose 0.22% against the CAD on Thursday and closed at 1.3314. Today in the European session, while USD CAD Technical Analysis February 3, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3350, which is 0.27% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3305 and a fall-through could take it to the next support level of 1.3265 The pair is expected to find its first resistance at 1.3375, and a rise-through could take it to the next resistance level of 1.3415. Today’s expected trading range is between 1.3230 support and 1.3470 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3305
Support 2: 1.3265
Support 3: 1.3230

Important resistance levels:

Resistance 1: 1.3375
Resistance 2: 1.3314
Resistance 3: 1.3470

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