USD CAD Technical Analysis May 6, 2022
The USD rose 0.73% against the CAD on Thursday and closed at 1.2832. Today in the Asian session, while USD CAD Technical Analysis May 6, 2022, is preparing at 3:15 GMT, the USD/CAD is trading at 1.2848, which is 0.13% higher than CAD from yesterday’s close.
The pair is expected to find the support at 1.2805 and a fall through could take it to the next support level of 1.2720. 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 1.2720 support and 1.2955 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2805
Support 2: 1.2720
Support 3: 1.2685
Important resistance levels:
Resistance 1: 1.2885
Resistance 2: 1.2910
Resistance 3: 1.2955
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