USD CAD Technical Analysis July 20, 2023
The USD declined 0.04% against the CAD on Wednesday and closed at 1.3163. Today in the European session, while USD CAD Technical Analysis July 20, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3134, which is 0.23% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3120 and a fall-through could take it to the next support level of 1.3105 The pair is expected to find its first resistance at 1.3170, and a rise-through could take it to the next resistance level of 1.3190. Today’s expected trading range is between 1.3095 support and 1.3230 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3120
Support 2: 1.3105
Support 3: 1.3095
Important resistance levels:
Resistance 1: 1.3170
Resistance 2: 1.3190
Resistance 3: 1.3230
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