USD CAD Technical Analysis October 5, 2021
The USD declined 0.40% against the CAD on Monday and closed at 1.2588. Today in the European session, while USD CAD Technical Analysis October 5, 2021 is preparing at 9:15 GMT, the USD/CAD is trading at 1.2585, which is 0.03% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2560 and a fall through could take it to the next support level of 1.2495. The pair is expected to find its first resistance at 1.2627, and a rise through could take it to the next resistance level of 1.2640. 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: 1.2560
Support 2: 1.2495
Support 3: 1.2475
Important resistance levels:
Resistance 1: 1.2627
Resistance 2: 1.2640
Resistance 3: 1.2700