USD CAD Technical Analysis July 4, 2022
The USD rose 0.09% against the CAD on Friday and closed at 1.2883. Today in the European session, while USD CAD Technical Analysis 31 May 2022, is preparing at 11:15 GMT, the USD/CAD is trading at 1.2845, which is 0.30% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2842 and a fall through could take it to the next support level of 1.2820. The pair is expected to find its first resistance at 1.2900, and a rise through could take it to the next resistance level of 1.2920. Today’s expected trading range is between 1.2800 support and 1.2965 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2842
Support 2: 1.2820
Support 3: 1.2800
Important resistance levels:
Resistance 1: 1.2900
Resistance 2: 1.2920
Resistance 3: 1.2965
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