USD CAD Technical Analysis May 4, 2022
The USD declined 0.29% against the CAD on Tuesday and closed at 1.2838. Today in the Asian session, while USD CAD Technical Analysis May 4, 2022, is preparing at 3:15 GMT, the USD/CAD is trading at 1.2810, which is 0.22% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2798 and a fall through could take it to the next support level of 1.2780. The pair is expected to find its first resistance at 1.2840, and a rise through could take it to the next resistance level of 1.2890. Today’s expected trading range is between 1.2720 support and 1.2910 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2798
Support 2: 1.2780
Support 3: 1.2720
Important resistance levels:
Resistance 1: 1.2840
Resistance 2: 1.2890
Resistance 3: 1.2910
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