USD CAD Technical Analysis August 3, 2022
The USD rose 0.29% against the CAD on Tuesday and closed at 1.2880. Today in the European session, while USD CAD Technical Analysis August 3, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2862, which is 0.14% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.2850 and a fall through could take it to the next support level of 1.2835 The pair is expected to find its first resistance at 1.2890, and a rise through could take it to the next resistance level of 1.2910. Today’s expected trading range is between 1.2767 support and 1.2945 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2850
Support 2: 1.2835
Support 3: 1.2767
Important resistance levels:
Resistance 1: 1.2890
Resistance 2: 1.2910
Resistance 3: 1.2945
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