USD CAD Technical Analysis July 21, 2022
The USD rose 0.11% against the CAD on Tuesday and closed at 1.2883. Today in the European session, while USD CAD Technical Analysis July 21, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2918, which is 0.30% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2900 and a fall through could take it to the next support level of 1.2857. The pair is expected to find its first resistance at 1.2925, and a rise through could take it to the next resistance level of 1.2940. Today’s expected trading range is between 1.2925 support and 1.3055 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2900
Support 2: 1.2857
Support 3: 1.2838
Important resistance levels:
Resistance 1: 1.2925
Resistance 2: 1.2940
Resistance 3: 1.3055
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