USD CAD Technical Analysis 23 May 2022
The USD rose 0.05% against the CAD on Friday and closed at 1.2831. Today in the Asian session, while USD CAD Technical Analysis 23 May 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2802, which is 0.23% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2780 and a fall through could take it to the next support level of 1.2740. The pair is expected to find its first resistance at 1.2867, and a rise through could take it to the next resistance level of 1.2890. Today’s expected trading range is between 1.2715 support and 1.2925 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2780
Support 2: 1.2740
Support 3: 1.2715
Important resistance levels:
Resistance 1: 1.2867
Resistance 2: 1.2890
Resistance 3: 1.2925
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