USD CAD Technical Analysis August 20, 2021
The USD rose 1.36% against the CAD on Thursday and closed at 1.2826. Today in the Asian session, while USD CAD Technical Analysis August 20, 2021 is preparing at 5:15 GMT, the USD/CAD trading at 1.2910, which is 0.66% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2830 and a fall through could take it to the next support level of 1.2800. The pair is expected to find its first resistance at 1.2940, and a rise through could take it to the next resistance level of 1.3000. Today’s expected trading range is between 1.2770 support and 1.3000 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2830
Support 2: 1.2800
Support 3: 1.2770
Important resistance levels:
Resistance 1: 1.2940
Resistance 2: 1.3000
Resistance 3: 1.3050