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USD CAD Technical Analysis June 28, 2022

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USD CAD Technical Analysis June 28, 2022

The USD declined 0.14% against the CAD on Monday and closed at 1.2875. 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 1.2830, which is 0.33% lower than CAD from yesterday’s close.

The pair is expected to find the support at 1.2820 and a fall through could take it to the next support level of 1.2800. The pair is expected to find its first resistance at 1.2885, and a rise through could take it to the next resistance level of 1.2910. Today’s expected trading range is between 1.2865 support and 1.2950 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2820
Support 2: 1.2800
Support 3: 1.2865

Important resistance levels:

Resistance 1: 1.2885
Resistance 2: 1.2910
Resistance 3: 1.2950

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