USD CAD Technical Analysis May 20, 2022
The USD declined 0.50% against the CAD on Thursday and closed at 1.2825. Today in the Asian session, while USD CAD Technical Analysis May 20, 2022, is preparing at 5:15 GMT, the USD/CAD is trading at 1.2830, which is 0.05% higher than CAD from yesterday’s close.
The pair is expected to find the support at 1.2790 and a fall through could take it to the next support level of 1.2770. The pair is expected to find its first resistance at 1.2857, and a rise through could take it to the next resistance level of 1.2890. Today’s expected trading range is between 1.2715 support and 1.2980 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2790
Support 2: 1.2770
Support 3: 1.2715
Important resistance levels:
Resistance 1: 1.2857
Resistance 2: 1.2890
Resistance 3: 1.2980