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USD CAD Technical Analysis 30 May 2022

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USD CAD Technical Analysis 30 May 2022

The USD declined 0.41% against the CAD on Friday and closed at 1.2719. Today in the Asian session, while USD CAD Technical Analysis 30 May 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2690, which is 0.21% lower than CAD from yesterday’s close.

The pair is expected to find the support at 1.2680 and a fall through could take it to the next support level of 1.2635. The pair is expected to find its first resistance at 1.2732, and a rise through could take it to the next resistance level of 1.2765. Today’s expected trading range is between 1.2600 support and 1.2800 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2680
Support 2: 1.2635
Support 3: 1.2600

Important resistance levels:

Resistance 1: 1.2732
Resistance 2: 1.2765
Resistance 3: 1.2800

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