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USD CAD Technical Analysis September 16, 2021

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USD CAD Technical Analysis September 16, 2021

The USD declined 0.51% against the CAD on Wednesday and closed at 1.2627. Today in the European session, while USD CAD Technical Analysis September 16, 2021 is preparing at 9:15 GMT, the USD/CAD is trading at 1.2634, which is 0.06% higher against CAD from yesterday’s close.

The pair is expected to find the support at 1.2615 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2650, and a rise through could take it to the next resistance level of 1.2665. Today’s expected trading range is between 1.2580 support and 1.2705 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2615
Support 2: 1.2600
Support 3: 1.2580

Important resistance levels:

Resistance 1: 1.2650
Resistance 2: 1.2665
Resistance 3: 1.2705

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