USD CAD Technical Analysis July 27, 2023
The USD rose 0.28% against the CAD on Wednesday and closed at 1.3204. Today in the European session, while USD CAD Technical Analysis July 27, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3198, which is 0.04% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3160 and a fall-through could take it to the next support level of 1.3150 The pair is expected to find its first resistance at 1.3210, and a rise-through could take it to the next resistance level of 1.3235. Today’s expected trading range is between 1.3120 support and 1.3285 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3160
Support 2: 1.3150
Support 3: 1.3120
Important resistance levels:
Resistance 1: 1.3210
Resistance 2: 1.3235
Resistance 3: 1.3285
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