USD CAD Technical Analysis January 12, 2023
The USD declined 0.01% against the CAD on Wednesday and closed at 1.3423. Today in the European session, while USD CAD Technical Analysis January 12, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3417, which is 0.04% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3405 and a fall-through could take it to the next support level of 1.3380 The pair is expected to find its first resistance at 1.3445, and a rise-through could take it to the next resistance level of 1.3470. Today’s expected trading range is between 1.3360 support and 1.3490 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3405
Support 2: 1.3380
Support 3: 1.3360
Important resistance levels:
Resistance 1: 1.3445
Resistance 2: 1.3470
Resistance 3: 1.3490
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