USD CAD Technical Analysis June 21, 2022
The USD declined 0.36% against the CAD on Monday and closed at 1.2980. Today in the Asian session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2942, which is 0.29% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2940 and a fall through could take it to the next support level of 1.2890. The pair is expected to find its first resistance at 1.2985, and a rise through could take it to the next resistance level of 1.3010. Today’s expected trading range is between 1.2860 support and 1.3075 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2940
Support 2: 1.2890
Support 3: 1.2860
Important resistance levels:
Resistance 1: 1.2985
Resistance 2: 1.3010
Resistance 3: 1.3075
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