USD CAD Technical Analysis August 31, 2021
The USD declined 0.07% against the CAD on Monday and closed at 1.2605. Today in the Asian session, while USD CAD Technical Analysis August 31, 2021 is preparing at 5:15 GMT, the USD/CAD trading at 1.2583, which is 0.17% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2570 and a fall through could take it to the next support level of 1.2555. The pair is expected to find its first resistance at 1.2625, and a rise through could take it to the next resistance level of 1.2635. Today’s expected trading range is between 1.2500 support and 1.2700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2570
Support 2: 1.2555
Support 3: 1.2500
Important resistance levels:
Resistance 1: 1.2625
Resistance 2: 1.2635
Resistance 3: 1.2700