USD CAD Technical Analysis July 11, 2022
The USD declined 0.21% against the CAD on Friday and closed at 1.2936. Today in the European session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2991, which is 0.42% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2938 and a fall through could take it to the next support level of 1.2900. The pair is expected to find its first resistance at 1.3000, and a rise through could take it to the next resistance level of 1.3032. Today’s expected trading range is between 1.2880 support and 1.3077 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2938
Support 2: 1.2900
Support 3: 1.2880
Important resistance levels:
Resistance 1: 1.3000
Resistance 2: 1.3032
Resistance 3: 1.3077
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