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USD CAD Technical Analysis August 4, 2021

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USD CAD Technical Analysis August 4, 2021

The USD rose 0.25% against the CAD on Tuesday and closed at 1.2535. Today in the Asian session, while USD CAD Technical Analysis August 4, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2530, which is 0.02% lower against CAD from yesterday’s close.

The pair is expected to find the support at 1.2490 and a fall through could take it to the next support level of 1.2455. The pair is expected to find its first resistance at 1.2575, and a rise through could take it to the next resistance level of 1.2600. Today’s expected trading range is between 1.2425 support and 1.2600 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2490
Support 2: 1.2455
Support 3: 1.2425

Important resistance levels:

Resistance 1: 1.2575
Resistance 2: 1.2600
Resistance 3: 1.2630

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