USD CAD Technical Analysis August 19, 2022
The USD rose 0.26% against the CAD on Thursday and closed at 1.2946. Today in the European session, while USD CAD Technical Analysis August 19, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2975, which is 0.22% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2930 and a fall through could take it to the next support level of 1.2895 The pair is expected to find its first resistance at 1.2980, and a rise through could take it to the next resistance level of 1.3020. Today’s expected trading range is between 1.2880 support and 1.3020 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2930
Support 2: 1.2895
Support 3: 1.2880
Important resistance levels:
Resistance 1: 1.2980
Resistance 2: 1.3000
Resistance 3: 1.3020
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