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USD CAD Technical Analysis January 19, 2023

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USD CAD Technical Analysis January 19, 2023

The USD rose 0.79% against the CAD on Wednesday and closed at 1.3490. Today in the European session, while USD CAD Technical Analysis January 19, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3500, which is 0.07% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3457 and a fall-through could take it to the next support level of 1.3435 The pair is expected to find its first resistance at 1.3530, and a rise-through could take it to the next resistance level of 1.3540. Today’s expected trading range is between 1.3400 support and 1.3600 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3457
Support 2: 1.3435
Support 3: 1.3400

Important resistance levels:

Resistance 1: 1.3520
Resistance 2: 1.3540
Resistance 3: 1.3600

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