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USD CAD Technical Analysis June 27, 2023

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USD CAD Technical Analysis June 27, 2023

The USD rose 0.21% against the CAD on Monday and closed at 1.3154. Today in the European session, while USD CAD Technical Analysis June 27, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3165, which is 0.08% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3120 and a fall-through could take it to the next support level of 1.3100 The pair is expected to find its first resistance at 1.3175, and a rise-through could take it to the next resistance level of 1.3220. Today’s expected trading range is between 1.3060 support and 1.3240 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3120
Support 2: 1.3100
Support 3: 1.3060

Important resistance levels:

Resistance 1: 1.3175
Resistance 2: 1.3220
Resistance 3: 1.3240

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