USD CAD Technical Analysis May 3, 2022
The USD rose 0.33% against the CAD on Monday and closed at 1.2878. Today in the Asian session, while USD CAD Technical Analysis May 3, 2022, is preparing at 3:15 GMT, the USD/CAD is trading at 1.2857, which is 0.16% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2838 and a fall through could take it to the next support level of 1.2810. The pair is expected to find its first resistance at 1.2875, and a rise through could take it to the next resistance level of 1.2915. Today’s expected trading range is between 1.2775 support and 1.2915 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2838
Support 2: 1.2810
Support 3: 1.2775
Important resistance levels:
Resistance 1: 1.2875
Resistance 2: 1.2915
Resistance 3: 1.2960