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USD CAD Technical Analysis May 17, 2022

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USD CAD Technical Analysis May 17, 2022

The USD declined 0.58% against the CAD on Monday and closed at 1.2844. Today in the Asian session, while USD CAD Technical Analysis May 17, 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2835, which is 0.08% 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 1.2790. The pair is expected to find its first resistance at 1.2980, and a rise through could take it to the next resistance level of 1.3000. Today’s expected trading range is between 1.2715 support and 1.2995 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2820
Support 2: 1.2790
Support 3: 1.2715

Important resistance levels:

Resistance 1: 1.2895
Resistance 2: 1.2930
Resistance 3: 1.2995

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