USD CAD Technical Analysis August 4, 2022
The USD declined 0.30% against the CAD on Wednesday and closed at 1.2841. Today in the European session, while USD CAD Technical Analysis August 4, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2828, which is 0.11% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2820 and a fall through could take it to the next support level of 1.2790 The pair is expected to find its first resistance at 1.2855, and a rise through could take it to the next resistance level of 1.2882. Today’s expected trading range is between 1.2767 support and 1.2945 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2820
Support 2: 1.2790
Support 3: 1.2767
Important resistance levels:
Resistance 1: 1.2855
Resistance 2: 1.2882
Resistance 3: 1.2910
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