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USD CAD Technical Analysis June 14, 2022

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USD CAD Technical Analysis June 14, 2022

The USD rose 0.88% against the CAD on Monday and closed at 1.2896. Today in the Asian session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2917, which is 0.17% higher than CAD from yesterday’s close.

The pair is expected to find the support at 1.2865 and a fall through could take it to the next support level of 1.2827. The pair is expected to find its first resistance at 1.2935, and a rise through could take it to the next resistance level of 1.2975. Today’s expected trading range is between 1.2810 support and 1.2975 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2865
Support 2: 1.2827
Support 3: 1.2810

Important resistance levels:

Resistance 1: 1.2935
Resistance 2: 1.2975
Resistance 3: 1.3000

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