USD CAD Technical Analysis August 16, 2021
The USD declined 0.06% against the CAD on Friday and closed at 1.2514. Today in the Asian session, while USD CAD Technical Analysis August 16, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2555, which is 0.31% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2530 and a fall through could take it to the next support level of 1.2500. The pair is expected to find its first resistance at 1.2565, and a rise through could take it to the next resistance level of 1.2575. Today’s expected trading range is between 1.2490 support and 1.2585 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2530
Support 2: 1.2500
Support 3: 1.2490
Important resistance levels:
Resistance 1: 1.2565
Resistance 2: 1.2575
Resistance 3: 1.2585