USD CAD Technical Analysis July 12, 2021
The USD declined 0.65% against the CAD on Friday and closed at 1.2451. Today in the Asian session, while USD CAD technical Analysis July 12, 2021 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2474, which is 0.18% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2423 and a fall through could take it to the next support level of 1.2410. The pair is expected to find its first resistance at 1.2520, and a rise through could take it to the next resistance level of 1.2585. Today’s expected trading range is between 1.2370, support and 1.2640 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2423
Support 2: 1.2410
Support 3: 1.2370
Important resistance levels:
Resistance 1: 1.2520
Resistance 2: 1.2585
Resistance 3: 1.2600