USD CAD Technical Analysis July 29, 2022
The USD declined 0.13% against the CAD on Thursday and closed at 1.2805. Today in the European session, while USD CAD Technical Analysis July 29, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2833, which is 0.21% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2790 and a fall through could take it to the next support level of 1.2775. The pair is expected to find its first resistance at 1.2850, and a rise through could take it to the next resistance level of 1.2867. Today’s expected trading range is between 1.2730 support and 1.2900 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2790
Support 2: 1.2775
Support 3: 1.2730
Important resistance levels:
Resistance 1: 1.2850
Resistance 2: 1.2867
Resistance 3: 1.2900
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