USD CAD Technical Analysis July 7, 2022
The USD rose 0.04% against the CAD on Wednesday and closed at 1.3036. 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 1.3007, which is 0.21% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2995 and a fall through could take it to the next support level of 1.2965. The pair is expected to find its first resistance at 1.3055, and a rise through could take it to the next resistance level of 1.3075. Today’s expected trading range is between 1.2930 support and 1.3100 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2995
Support 2: 1.2965
Support 3: 1.2930
Important resistance levels:
Resistance 1: 1.3055
Resistance 2: 1.3075
Resistance 3: 1.3100
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