USD CAD Technical Analysis August 11, 2022
The USD declined 0.90% against the CAD on Wednesday and closed at 1.2773. Today in the European session, while USD CAD Technical Analysis August 11, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2775, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2757 and a fall through could take it to the next support level of 1.2750 The pair is expected to find its first resistance at 1.2790, and a rise through could take it to the next resistance level of 1.2820. Today’s expected trading range is between 1.2715 support and 1.2840 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2757
Support 2: 1.2750
Support 3: 1.2715
Important resistance levels:
Resistance 1: 1.2790
Resistance 2: 1.2820
Resistance 3: 1.2840
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