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USD CAD Technical Analysis January 5, 2023

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USD CAD Technical Analysis January 5, 2023

The USD rose 1.39% against the CAD on Thursday and closed at 1.3476. Today in the European session, while USD CAD Technical Analysis January 5, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3500, which is 0.20% 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 1.3420 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 1.3540. Today’s expected trading range is between 1.3390 support and 1.3610 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3470
Support 2: 1.3420
Support 3: 1.3390

Important resistance levels:

Resistance 1: 1.3525
Resistance 2: 1.3540
Resistance 3: 1.3610

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