USD CAD Technical Analysis Aug 21, 2023
The USD rose 0.08% against the CAD on Friday and closed at 1.3548. Today in the European session, while USD CAD Technical Analysis Aug 21, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3520, which is 0.21% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3510 and a fall-through could take it to the next support level of 1.3500 The pair is expected to find its first resistance at 1.3555, and a rise-through could take it to the next resistance level of 1.3570. Today’s expected trading range is between 1.3475 support and 1.3600 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3510
Support 2: 1.3500
Support 3: 1.3475
Important resistance levels:
Resistance 1: 1.3555
Resistance 2: 1.3570
Resistance 3: 1.3600
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