USD CAD Technical Analysis August 30, 2021
The USD declined 0.56% against the CAD on Friday and closed at 1.2614. Today in the Asian session, while USD CAD Technical Analysis August 30, 2021 is preparing at 5:15 GMT, the USD/CAD trading at 1.2610, which is 0.02% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2605 and a fall through could take it to the next support level of 1.2585. The pair is expected to find its first resistance at 1.2635, and a rise through could take it to the next resistance level of 1.2660. Today’s expected trading range is between 1.2490 support and 1.2700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2605
Support 2: 1.2585
Support 3: 1.2490
Important resistance levels:
Resistance 1: 1.2635
Resistance 2: 1.2660
Resistance 3: 1.2700