USD CAD Technical Analysis 7 July 2021
The USD rose 0.93% against the CAD on Tuesday and closed at 1.2455. Today in the Asian session, while USD CAD technical Analysis 7 July 2021 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2450, which is 0.03% 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 1.2370. The pair is expected to find its first resistance at 1.2490, and a rise through could take it to the next resistance level of 1.2530. Today’s expected trading range is between 1.2340, support and 1.2530 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2415
Support 2: 1.2370
Support 3: 1.2340
Important resistance levels:
Resistance 1: 1.2490
Resistance 2: 1.2530
Resistance 3: 1.2600