USD CAD Technical Analysis August 26, 2021
The USD rose 0.03% against the CAD on Friday and closed at 1.2589. Today in the Asian session, while USD CAD Technical Analysis August 26, 2021 is preparing at 5:15 GMT, the USD/CAD trading at 1.2607, which is 0.14% higher 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 1.2500. The pair is expected to find its first resistance at 1.2625, and a rise through could take it to the next resistance level of 1.2640. Today’s expected trading range is between 1.2490 support and 1.2700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2585
Support 2: 1.2500
Support 3: 1.2490
Important resistance levels:
Resistance 1: 1.2625
Resistance 2: 1.2640
Resistance 3: 1.2700