USD CAD Technical Analysis August 22, 2022
The USD rose 0.35% against the CAD on Friday and closed at 1.2992. Today in the European session, while USD CAD Technical Analysis August 22, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2982, which is 0.08% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2955 and a fall through could take it to the next support level of 1.2930 The pair is expected to find its first resistance at 1.3018, and a rise through could take it to the next resistance level of 1.3050. Today’s expected trading range is between 1.2880 support and 1.3075 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2955
Support 2: 1.2930
Support 3: 1.2880
Important resistance levels:
Resistance 1: 1.3018
Resistance 2: 1.3050
Resistance 3: 1.3075
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