USD CAD Technical Analysis 8 July 2021
The USD rose 0.21% against the CAD on Thursday and closed at 1.2481. Today in the Asian session, while USD CAD technical Analysis 8 July 2021 is preparing at at 4:45 GMT, the USD/CAD trading at 1.2551, which is 0.57% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2475 and a fall through could take it to the next support level of 1.2440. The pair is expected to find its first resistance at 1.2590, and a rise through could take it to the next resistance level of 1.2600. Today’s expected trading range is between 1.2420, support and 1.2650 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2475
Support 2: 1.2440
Support 3: 1.2420
Important resistance levels:
Resistance 1: 1.2590
Resistance 2: 1.2600
Resistance 3: 1.2650