USD CAD Technical Analysis July 12, 2022
The USD rose 0.41% against the CAD on Monday and closed at 1.3007. 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 1.3037, which is 0.23% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3000 and a fall through could take it to the next support level of 1.2975. The pair is expected to find its first resistance at 1.3050, and a rise through could take it to the next resistance level of 1.3060. Today’s expected trading range is between 1.2937 support and 1.3080 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3000
Support 2: 1.2975
Support 3: 1.2937
Important resistance levels:
Resistance 1: 1.3050
Resistance 2: 1.3060
Resistance 3: 1.3080
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