USD CAD Technical Analysis December 21, 2022
The USD declined 0.25% against the CAD on Tuesday and closed at 1.3612. Today in the European session, while USD CAD Technical Analysis December 21, 2022, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3630, which is 0.12% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3590 and a fall through could take it to the next support level of 1.3582 The pair is expected to find its first resistance at 1.3637, and a rise through could take it to the next resistance level of 1.3690. Today’s expected trading range is between 1.3520 support and 1.3700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3590
Support 2: 1.3582
Support 3: 1.3520
Important resistance levels:
Resistance 1: 1.3637
Resistance 2: 1.3690
Resistance 3: 1.3700
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