USD CAD Technical Analysis September 7, 2021
The USD rose 0.11% against the CAD on Monday and closed at 1.2533. Today in the European session, while USD CAD Technical Analysis September 7, 2021 is preparing at 9:15 GMT, the USD/CAD is trading at 1.2593, which is 0.45% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2520 and a fall through could take it to the next support level of 1.2500. The pair is expected to find its first resistance at 1.2600, and a rise through could take it to the next resistance level of 1.2610. Today’s expected trading range is between 1.2420 support and 1.2635 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2520
Support 2: 1.2500
Support 3: 1.2492
Important resistance levels:
Resistance 1: 1.2600
Resistance 2: 1.2610
Resistance 3: 1.2635