USD CAD Technical Analysis July 8, 2022
The USD declined 0.54% against the CAD on Thursday and closed at 1.2966. Today in the European session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2997, which is 0.23% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2955 and a fall through could take it to the next support level of 1.2932. The pair is expected to find its first resistance at 1.3025, and a rise through could take it to the next resistance level of 1.3055. Today’s expected trading range is between 1.2900 support and 1.3077 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2955
Support 2: 1.2932
Support 3: 1.2900
Important resistance levels:
Resistance 1: 1.3025
Resistance 2: 1.3055
Resistance 3: 1.3077
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