USD CAD Technical Analysis August 16, 2022
The USD rose 1.02% against the CAD on Monday and closed at 1.2904. Today in the European session, while USD CAD Technical Analysis August 16, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2906, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2890 and a fall through could take it to the next support level of 1.2870 The pair is expected to find its first resistance at 1.2920, and a rise through could take it to the next resistance level of 1.2932. Today’s expected trading range is between 1.2840 support and 1.2980 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2890
Support 2: 1.2870
Support 3: 1.2840
Important resistance levels:
Resistance 1: 1.2920
Resistance 2: 1.2932
Resistance 3: 1.2980
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