USD CAD Technical Analysis August 31, 2022
The USD rose 0.64% against the CAD on Tuesday and closed at 1.3090. Today in the European session, while USD CAD Technical Analysis August 31, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.3115, which is 0.19% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.3065 and a fall through could take it to the next support level of 1.3020 The pair is expected to find its first resistance at 1.3135, and a rise through could take it to the next resistance level of 1.3140. Today’s expected trading range is between 1.2972 support and 1.3210 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3065
Support 2: 1.3020
Support 3: 1.2972
Important resistance levels:
Resistance 1: 1.3135
Resistance 2: 1.3140
Resistance 3: 1.3210
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