USD CAD Technical Analysis October 4, 2021
The USD declined 0.31% against the CAD on Friday and closed at 1.2639. Today in the European session, while USD CAD Technical Analysis October 4, 2021 is preparing at 9:15 GMT, the USD/CAD is trading at 1.2610, which is 0.24% lower against CAD from yesterday’s close.
The pair is expected to find the support at 1.2600 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 1.2670, and a rise through could take it to the next resistance level of 1.2700. Today’s expected trading range is between 1.2500 support and 1.2670 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2600
Support 2: 1.2585
Support 3: 1.2500
Important resistance levels:
Resistance 1: 1.2550
Resistance 2: 1.2670
Resistance 3: 1.2735