USD CAD Technical Analysis 2 June 2022
The USD rose 0.08% against the CAD on Wednesday and closed at 1.2660. Today in the Asian session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2656, which is 0.02% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2610 and a fall through could take it to the next support level of 1.2575. The pair is expected to find its first resistance at 1.2685, and a rise through could take it to the next resistance level of 1.2715. Today’s expected trading range is between 1.2550 support and 1.2715 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2610
Support 2: 1.2575
Support 3: 1.2550
Important resistance levels:
Resistance 1: 1.2685
Resistance 2: 1.2715
Resistance 3: 1.2765
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