USD CAD Technical Analysis July 19, 2022
The USD declined 0.29% against the CAD on Monday and closed at 1.2981. Today in the European session, while USD CAD Technical Analysis July 19, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2941, which is 0.30% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2930 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 1.2970, and a rise through could take it to the next resistance level of 1.2988. Today’s expected trading range is between 1.2838 support and 1.3045 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2930
Support 2: 1.2900
Support 3: 1.2838
Important resistance levels:
Resistance 1: 1.2970
Resistance 2: 1.2988
Resistance 3: 1.3045
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