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USD CAD Technical Analysis May 18, 2022

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USD CAD Technical Analysis May 18, 2022

The USD declined 0.27% against the CAD on Tuesday and closed at 1.2810. Today in the Asian session, while USD CAD Technical Analysis May 18, 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2832, which is 0.17% higher than CAD from yesterday’s close.

The pair is expected to find the support at 1.2795 and a fall through could take it to the next support level of 1.2775. The pair is expected to find its first resistance at 1.2850, and a rise through could take it to the next resistance level of 1.2900. Today’s expected trading range is between 1.2715 support and 1.2900 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2795
Support 2: 1.2775
Support 3: 1.2715

Important resistance levels:

Resistance 1: 1.2850
Resistance 2: 1.2900
Resistance 3: 1.2930

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