USD CAD Technical Analysis 3 June 2022
The USD declined 0.69% against the CAD on Thursday and closed at 1.2568. 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 1.2570, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find the support at 1.2557 and a fall through could take it to the next support level of 1.2525. The pair is expected to find its first resistance at 1.2607, and a rise through could take it to the next resistance level of 1.2650. Today’s expected trading range is between 1.2465 support and 1.2685 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2557
Support 2: 1.2525
Support 3: 1.2465
Important resistance levels:
Resistance 1: 1.2607
Resistance 2: 1.2650
Resistance 3: 1.2685
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