USD CAD Technical Analysis August 30, 2022
The USD declined 0.13% against the CAD on Monday and closed at 1.3012. Today in the European session, while USD CAD Technical Analysis August 30, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.3007, which is 0.04% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2972 and a fall through could take it to the next support level of 1.2955 The pair is expected to find its first resistance at 1.3023, and a rise through could take it to the next resistance level of 1.3060. Today’s expected trading range is between 1.2900 support and 1.3075 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2972
Support 2: 1.2955
Support 3: 1.2900
Important resistance levels:
Resistance 1: 1.3023
Resistance 2: 1.3060
Resistance 3: 1.3075
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