USD CAD Technical Analysis July 1, 2022
The USD declined 0.16% against the CAD on Thursday and closed at 1.2871. Today in the European session, while USD CAD Technical Analysis 31 May 2022, is preparing at 11:15 GMT, the USD/CAD is trading at 1.2929, which is 0.45% higher than CAD from yesterday’s close.
The pair is expected to find the support at 1.2862 and a fall through could take it to the next support level of 1.2845. The pair is expected to find its first resistance at 1.2937, and a rise through could take it to the next resistance level of 1.2990. Today’s expected trading range is between 1.2820 support and 1.3015 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2862
Support 2: 1.2845
Support 3: 1.2820
Important resistance levels:
Resistance 1: 1.2937
Resistance 2: 1.2990
Resistance 3: 1.3015
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