USD CAD Technical Analysis July 18, 2022
The USD declined 0.69% against the CAD on Friday and closed at 1.3026. Today in the European session, while USD CAD Technical Analysis July 18, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2986, which is 0.31% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2937 and a fall through could take it to the next support level of 1.2890. The pair is expected to find its first resistance at 1.3025, and a rise through could take it to the next resistance level of 1.3057. Today’s expected trading range is between 1.2865 support and 1.3130 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2937
Support 2: 1.2890
Support 3: 1.2865
Important resistance levels:
Resistance 1: 1.3025
Resistance 2: 1.3057
Resistance 3: 1.3130
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