USD CAD Technical Analysis June 29, 2022
The USD declined 0.01% against the CAD on Tuesday and closed at 1.2873. 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 0.21% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2820 and a fall through could take it to the next support level of 1.2800. The pair is expected to find its first resistance at 1.2890, and a rise through could take it to the next resistance level of 1.2915. Today’s expected trading range is between 1.2790 support and 1.2940 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2830
Support 2: 1.2820
Support 3: 1.2790
Important resistance levels:
Resistance 1: 1.2890
Resistance 2: 1.2915
Resistance 3: 1.2940
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