USD CAD Technical Analysis May 5, 2022
The USD declined 0.79% against the CAD on Wednesday and closed at 1.2735. Today in the Asian session, while USD CAD Technical Analysis May 5, 2022, is preparing at 3:15 GMT, the USD/CAD is trading at 1.2810, which is 0.22% lower than CAD from yesterday’s close.
The pair is expected to find the support at 1.2720 and a fall through could take it to the next support level of 1.2685. The pair is expected to find its first resistance at 1.2805, and a rise through could take it to the next resistance level of 1.2850. Today’s expected trading range is between 1.2645 support and 1.2850 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2720
Support 2: 1.2685
Support 3: 1.2645
Important resistance levels:
Resistance 1: 1.2805
Resistance 2: 1.2850
Resistance 3: 1.2862