USD CAD Technical Analysis 2 July 2021
USD CAD Technical Analysis: The USD rose 0.32% against the CAD on Wednesday and closed at 1.2435. Today in the Asian session, while USD CAD technical Analysis 2 July 2021 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2422, which is 0.10% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2415 and a fall through could take it to the next support level of 1.2385. The pair is expected to find its first resistance at 1.2465, and a rise through could take it to the next resistance level of 1.2485. Today’s expected trading range is between 1.2360, support and 1.2500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2415
Support 2: 1.2385
Support 3: 1.2360
Important resistance levels:
Resistance 1: 1.2465
Resistance 2: 1.2485
Resistance 3: 1.2500
USD/CAD buying opportunity for intraday trading on July 2, 2021
Buy near the support zones 1.2415 and 1.2385 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
USD/CAD selling opportunity for intraday trading on July 2, 2021
Sell near the resistance zones 1.2465 and 1.2485 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.