USD CAD Technical Analysis Aug 4, 2023
The USD rose 0.04% against the CAD on Thursday and closed at 1.3356. Today in the European session, while USD CAD Technical Analysis Aug 4, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3370, which is 0.10% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3335 and a fall-through could take it to the next support level of 1.3300 The pair is expected to find its first resistance at 1.3375, and a rise-through could take it to the next resistance level of 1.3385. Today’s expected trading range is between 1.3265 support and 1.3450 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3335
Support 2: 1.3300
Support 3: 1.3265
Important resistance levels:
Resistance 1: 1.3375
Resistance 2: 1.3385
Resistance 3: 1.3450
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