USD CAD Technical Analysis August 9, 2021
The USD rose 0.45% against the CAD on Friday and closed at 1.2555. Today in the Asian session, while USD CAD Technical Analysis August 9, 2021 is preparing at 4:15 GMT, the USD/CAD trading at 1.2545, which is 0.07% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2540 and a fall through could take it to the next support level of 1.2500. The pair is expected to find its first resistance at 1.2580, and a rise through could take it to the next resistance level of 1.2600. Today’s expected trading range is between 1.2475 support and 1.2630 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2540
Support 2: 1.2500
Support 3: 1.2475
Important resistance levels:
Resistance 1: 1.2580
Resistance 2: 1.2600
Resistance 3: 1.2630