USD CAD Technical Analysis September 12, 2022
The USD declined 0.53% against the CAD on Friday and closed at 1.3020. Today in the European session, while USD CAD Technical Analysis September 12, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2997, which is 0.19% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2975 and a fall through could take it to the next support level of 1.2900 The pair is expected to find its first resistance at 1.3035, and a rise through could take it to the next resistance level of 1.3050. Today’s expected trading range is between 1.2880 support and 1.3075 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2975
Support 2: 1.2900
Support 3: 1.2880
Important resistance levels:
Resistance 1: 1.3035
Resistance 2: 1.3050
Resistance 3: 1.3075
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