USD CAD Technical Analysis August 23, 2022
The USD rose 0.52% against the CAD on Monday and closed at 1.3056. Today in the European session, while USD CAD Technical Analysis August 23, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2924, which is 0.25% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3010 and a fall through could take it to the next support level of 1.2972 The pair is expected to find its first resistance at 1.3060, and a rise through could take it to the next resistance level of 1.3080. Today’s expected trading range is between 1.2930 support and 1.3120 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3010
Support 2: 1.2972
Support 3: 1.2930
Important resistance levels:
Resistance 1: 1.3060
Resistance 2: 1.3080
Resistance 3: 1.3120
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