USD CAD Technical Analysis July 6, 2023
The USD rose 0.47% against the CAD on Wednesday and closed at 1.3281. Today in the European session, while USD CAD Technical Analysis July 6, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3275, which is 0.40% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3275 and a fall-through could take it to the next support level of 1.3255 The pair is expected to find its first resistance at 1.3340, and a rise-through could take it to the next resistance level of 1.3350. Today’s expected trading range is between 1.3205 support and 1.3380 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3275
Support 2: 1.3255
Support 3: 1.3205
Important resistance levels:
Resistance 1: 1.3340
Resistance 2: 1.3350
Resistance 3: 1.3380
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