USD CAD Technical Analysis August 17, 2022
The USD declined 0.47% against the CAD on Tuesday and closed at 1.2843. Today in the European session, while USD CAD Technical Analysis August 17, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2905, which is 0.47% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2830 and a fall through could take it to the next support level of 1.2800 The pair is expected to find its first resistance at 1.2910, and a rise through could take it to the next resistance level of 1.2930. Today’s expected trading range is between 1.2770 support and 1.2980 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2830
Support 2: 1.2800
Support 3: 1.2770
Important resistance levels:
Resistance 1: 1.2910
Resistance 2: 1.2930
Resistance 3: 1.2980