USD CAD Technical Analysis Aug 8, 2023
The USD declined 0.02% against the CAD on Monday and closed at 1.3367. Today in the European session, while USD CAD Technical Analysis Aug 8, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3444, which is 0.58% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3400 and a fall-through could take it to the next support level of 1.3360 The pair is expected to find its first resistance at 1.3450, and a rise-through could take it to the next resistance level of 1.3460. Today’s expected trading range is between 1.3320 support and 1.3490 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3400
Support 2: 1.3360
Support 3: 1.3320
Important resistance levels:
Resistance 1: 1.3450
Resistance 2: 1.3460
Resistance 3: 1.3490
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