USD CAD Technical Analysis August 11, 2021
The USD rose 0.46% against the CAD on Tuesday and closed at 1.2519. Today in the Asian session, while USD CAD Technical Analysis August 11, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2525, which is 0.05% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2517 and a fall through could take it to the next support level of 1.2495. The pair is expected to find its first resistance at 1.2545, and a rise through could take it to the next resistance level of 1.2575. Today’s expected trading range is between 1.2475 support and 1.2630 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2517
Support 2: 1.2495
Support 3: 1.2475
Important resistance levels:
Resistance 1: 1.2545
Resistance 2: 1.2575
Resistance 3: 1.2600