USD CAD Technical Analysis February 17, 2023
The USD rose 0.52% against the CAD on Thursday and closed at 1.3457. Today in the European session, while USD CAD Technical Analysis February 17, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3496, which is 0.29% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3470 and a fall-through could take it to the next support level of 1.3425 The pair is expected to find its first resistance at 1.3535, and a rise-through could take it to the next resistance level of 1.3560. Today’s expected trading range is between 1.3360 support and 1.3600 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3470
Support 2: 1.3425
Support 3: 1.3360
Important resistance levels:
Resistance 1: 1.3535
Resistance 2: 1.3560
Resistance 3: 1.3600
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