USD CAD Technical Analysis August 3, 2021
The USD rose 0.20% against the CAD on Monday and closed at 1.2503. Today in the Asian session, while USD CAD Technical Analysis August 3, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2513, which is 0.08% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2490 and a fall through could take it to the next support level of 1.2465. The pair is expected to find its first resistance at 1.2525, and a rise through could take it to the next resistance level of 1.2535. Today’s expected trading range is between 1.2455 support and 1.2600 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2490
Support 2: 1.2465
Support 3: 1.2455
Important resistance levels:
Resistance 1: 1.2525
Resistance 2: 1.2535
Resistance 3: 1.2600