USD CAD Technical Analysis September 2, 2021
The USD rose 0.04% against the CAD on Wednesday and closed at 1.2618. Today in the Asian session, while USD CAD Technical Analysis September 2, 2021 is preparing at 5:15 GMT, the USD/CAD trading at 1.2600, which is 0.15% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2585 and a fall through could take it to the next support level of 1.2570. 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 1.2705. Today’s expected trading range is between 1.2500 support and 1.2705 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2585
Support 2: 1.2570
Support 3: 1.2500
Important resistance levels:
Resistance 1: 1.2635
Resistance 2: 1.2650
Resistance 3: 1.2705