USD CAD Technical Analysis August 25, 2022
The USD rose 0.07% against the CAD on Wednesday and closed at 1.2965. Today in the European session, while USD CAD Technical Analysis August 25, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2906, which is 0.45% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2895 and a fall through could take it to the next support level of 1.2880 The pair is expected to find its first resistance at 1.2935, and a rise through could take it to the next resistance level of 1.2975. Today’s expected trading range is between 1.2880 support and 1.3070 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2895
Support 2: 1.2880
Support 3: 1.2830
Important resistance levels:
Resistance 1: 1.2935
Resistance 2: 1.2975
Resistance 3: 1.3017
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