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USD CAD Technical Analysis January 6, 2023

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USD CAD Technical Analysis January 6, 2023

The USD rose 0.70% against the CAD on Thursday and closed at 1.3571. Today in the European session, while USD CAD Technical Analysis January 6, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3625, which is 0.40% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3592 and a fall-through could take it to the next support level of 1.3440 The pair is expected to find its first resistance at 1.3625, and a rise through could take it to the next resistance level of 1.3655. Today’s expected trading range is between 1.3490 support and 1.3680 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3592
Support 2: 1.3440
Support 3: 1.3490

Important resistance levels:

Resistance 1: 1.3625
Resistance 2: 1.3655
Resistance 3: 1.3680

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