USD CAD Technical Analysis February 8, 2023
The USD declined 0.36% against the CAD on Tuesday and closed at 1.3398. Today in the European session, while USD CAD Technical Analysis February 8, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3405, which is 0.06% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3360 and a fall-through could take it to the next support level of 1.3345 The pair is expected to find its first resistance at 1.3405, 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 1.3470 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3360
Support 2: 1.3345
Support 3: 1.3265
Important resistance levels:
Resistance 1: 1.3405
Resistance 2: 1.3420
Resistance 3: 1.3470
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