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USD CAD Technical Analysis 5 July 2021

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USD CAD Technical Analysis 5 July 2021

The USD declined 0.86% against the CAD on Friday and closed at 1.2327. Today in the Asian session, while USD CAD technical Analysis 5 July 2021 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2340, which is 0.10% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2310 and a fall through could take it to the next support level of 1.2373. The pair is expected to find its first resistance at 1.2365, and a rise through could take it to the next resistance level of 1.2415. Today’s expected trading range is between 1.2350, support and 1.2450 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2310
Support 2: 1.2273
Support 3: 1.2250

Important resistance levels:

Resistance 1: 1.2365
Resistance 2: 1.2415
Resistance 3: 1.2450

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