USD CAD Technical Analysis Aug 7, 2023
The USD rose 0.23% against the CAD on Friday and closed at 1.3382. Today in the European session, while USD CAD Technical Analysis Aug 7, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3387, which is 0.04% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3370 and a fall-through could take it to the next support level of 1.3320 The pair is expected to find its first resistance at 1.3400, and a rise-through could take it to the next resistance level of 1.3420. Today’s expected trading range is between 1.3265 support and 1.3450 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3370
Support 2: 1.3320
Support 3: 1.3265
Important resistance levels:
Resistance 1: 1.3400
Resistance 2: 1.3420
Resistance 3: 1.3450
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