USD CAD Technical Analysis July 27, 2022
The USD rose 0.30% against the CAD on Tuesday and closed at 1.2885. Today in the European session, while USD CAD Technical Analysis July 27, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2850, which is 0.27% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2835 and a fall through could take it to the next support level of 1.2820. The pair is expected to find its first resistance at 1.2900, and a rise through could take it to the next resistance level of 1.2920. Today’s expected trading range is between 1.2765 support and 1.2945 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2835
Support 2: 1.2820
Support 3: 1.2765
Important resistance levels:
Resistance 1: 1.2900
Resistance 2: 1.2920
Resistance 3: 1.2945
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