USD CAD Technical Analysis January 24, 2023
The USD declined 0.12% against the CAD on Monday and closed at 1.3367. Today in the European session, while USD CAD Technical Analysis January 24, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3368, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3345 and a fall-through could take it to the next support level of 1.3330 The pair is expected to find its first resistance at 1.3385, and a rise-through could take it to the next resistance level of 1.3410. Today’s expected trading range is between 1.3235 support and 1.3450 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3345
Support 2: 1.3330
Support 3: 1.3235
Important resistance levels:
Resistance 1: 1.3385
Resistance 2: 1.3410
Resistance 3: 1.3450