USD CAD Technical Analysis February 16, 2023
The USD rose 0.44% against the CAD on Wednesday and closed at 1.3393. Today in the European session, while USD CAD Technical Analysis February 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3432, which is 0.30% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3360 and a fall-through could take it to the next support level of 1.3335 The pair is expected to find its first resistance at 1.3440, and a rise-through could take it to the next resistance level of 1.3450. Today’s expected trading range is between 1.3275 support and 1.3470 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3360
Support 2: 1.3335
Support 3: 1.3275
Important resistance levels:
Resistance 1: 1.3440
Resistance 2: 1.3450
Resistance 3: 1.3470
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