USD CAD Technical Analysis Aug 1, 2023
The USD declined 0.44% against the CAD on Monday and closed at 1.3186. Today in the European session, while USD CAD Technical Analysis Aug 1, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3270, which is 0.63% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3215 and a fall-through could take it to the next support level of 1.3200 The pair is expected to find its first resistance at 1.3260, and a rise-through could take it to the next resistance level of 1.3285. Today’s expected trading range is between 1.3155 support and 1.3300 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3215
Support 2: 1.3200
Support 3: 1.3155
Important resistance levels:
Resistance 1: 1.3260
Resistance 2: 1.3285
Resistance 3: 1.3300
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