USD CAD Technical Analysis January 16, 2023
The USD rose 0.21% against the CAD on Friday and closed at 1.3392. Today in the European session, while USD CAD Technical Analysis January 16, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3379, which is 0.10% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3355 and a fall-through could take it to the next support level of 1.3325 The pair is expected to find its first resistance at 1.3415, and a rise-through could take it to the next resistance level of 1.3440. Today’s expected trading range is between 1.3230 support and 1.3455 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3355
Support 2: 1.3325
Support 3: 1.3230
Important resistance levels:
Resistance 1: 1.3415
Resistance 2: 1.3440
Resistance 3: 1.3455
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