USD CAD Technical Analysis August 18, 2022
The USD rose 0.53% against the CAD on Wednesday and closed at 1.2912. Today in the European session, while USD CAD Technical Analysis August 18, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2906, which is 0.04% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2880 and a fall through could take it to the next support level of 1.2850 The pair is expected to find its first resistance at 1.2945, and a rise through could take it to the next resistance level of 1.2960. Today’s expected trading range is between 1.2828 support and 1.2980 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2880
Support 2: 1.2850
Support 3: 1.2828
Important resistance levels:
Resistance 1: 1.2945
Resistance 2: 1.2960
Resistance 3: 1.2980
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