USD CAD Technical Analysis August 6, 2021
The USD declined 0.33% against the CAD on Thursday and closed at 1.2498. Today in the Asian session, while USD CAD Technical Analysis August 6, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2511, which is 0.10% higher against CAD from yesterday’s close.
The pair is expected to find the support at 1.2475 and a fall through could take it to the next support level of 1.2455. The pair is expected to find its first resistance at 1.2520, and a rise through could take it to the next resistance level of 1.2540. Today’s expected trading range is between 1.2455 support and 1.2560 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2475
Support 2: 1.2455
Support 3: 1.2425
Important resistance levels:
Resistance 1: 1.2520
Resistance 2: 1.2540
Resistance 3: 1.2560