USD CAD Technical Analysis May 19, 2022
The USD rose 0.63% against the CAD on Wednesday and closed at 1.2889. Today in the Asian session, while USD CAD Technical Analysis May 19, 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2831, which is 0.45% 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 1.2850, and a rise through could take it to the next resistance level of 1.2900. Today’s expected trading range is between 1.2755 support and 1.2980 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2820
Support 2: 1.2800
Support 3: 1.2755
Important resistance levels:
Resistance 1: 1.2857
Resistance 2: 1.2890
Resistance 3: 1.2980