USD CAD Technical Analysis July 16, 2021
The USD rose 0.66% against the CAD on Thursday and closed at 1.2593. Today in the Asian session, while USD CAD technical Analysis July 16, 2021 is preparing at at 4:15 GMT, the USD/CAD trading at 1.2573, which is 0.15% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2530 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 1.2610, and a rise through could take it to the next resistance level of 1.2640. Today’s expected trading range is between 1.2425, support and 1.2640 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2530
Support 2: 1.2500
Support 3: 1.2425
Important resistance levels:
Resistance 1: 1.2610
Resistance 2: 1.2640
Resistance 3: 1.2660