USD CAD Technical Analysis February 7, 2023
The USD rose 0.23% against the CAD on Monday and closed at 1.3446. Today in the European session, while USD CAD Technical Analysis February 7, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3430, which is 0.12% lower 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 1.3375 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 1.3470. Today’s expected trading range is between 1.3345 support and 1.3520 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3400
Support 2: 1.3375
Support 3: 1.3345
Important resistance levels:
Resistance 1: 1.3450
Resistance 2: 1.3470
Resistance 3: 1.3520
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