USD CAD Technical Analysis August 10, 2022
The USD rose 0.36% against the CAD on Tuesday and closed at 1.2895. Today in the European session, while USD CAD Technical Analysis August 10, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2886, which is 0.07% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2865 and a fall through could take it to the next support level of 1.2840 The pair is expected to find its first resistance at 1.2898, and a rise through could take it to the next resistance level of 1.2912. Today’s expected trading range is between 1.2767 support and 1.2950 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2865
Support 2: 1.2840
Support 3: 1.2820
Important resistance levels:
Resistance 1: 1.2898
Resistance 2: 1.2912
Resistance 3: 1.2950
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