USD CAD Technical Analysis August 5, 2022
The USD rose 1.17% against the CAD on Thursday and closed at 1.2864. Today in the European session, while USD CAD Technical Analysis August 5, 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2926, which is 0.47% higher than CAD from yesterday’s close.
The pair is expected to find support at 1.2865 and a fall through could take it to the next support level of 1.2845 The pair is expected to find its first resistance at 1.2943, and a rise through could take it to the next resistance level of 1.2985. Today’s expected trading range is between 1.2767 support and 1.3000 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2865
Support 2: 1.2845
Support 3: 1.2767
Important resistance levels:
Resistance 1: 1.2943
Resistance 2: 1.2985
Resistance 3: 1.3000
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