Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

USD CAD Technical Analysis August 16, 2021

0

USD CAD Technical Analysis August 16, 2021

The USD declined 0.06% against the CAD on Friday and closed at 1.2514. Today in the Asian session, while USD CAD Technical Analysis August 16, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2555, which is 0.31% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2530 and a fall through could take it to the next support level of 1.2500. The pair is expected to find its first resistance at 1.2565, and a rise through could take it to the next resistance level of 1.2575. Today’s expected trading range is between 1.2490 support and 1.2585 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2530
Support 2: 1.2500
Support 3: 1.2490

Important resistance levels:

Resistance 1: 1.2565
Resistance 2: 1.2575
Resistance 3: 1.2585

EUR/USD Technical Analysis August 16, 2021
GBP/USD Technical Analysis August 16, 2021
USD/JPY Technical Analysis August 16, 2021

Leave A Reply

Your email address will not be published.