USD CAD Technical Analysis August 12, 2022
The USD declined 0.08% against the CAD on Thursday and closed at 1.2763. Today in the European session, while USD CAD Technical Analysis August 12, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2788, which is 0.20% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2740 and a fall through could take it to the next support level of 1.2730 The pair is expected to find its first resistance at 1.2790, and a rise through could take it to the next resistance level of 1.2820. Today’s expected trading range is between 1.2700 support and 1.2840 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2740
Support 2: 1.2730
Support 3: 1.2700
Important resistance levels:
Resistance 1: 1.2790
Resistance 2: 1.2820
Resistance 3: 1.2840
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