USD CAD Technical Analysis July 17, 2023
The USD rose 0.80% against the CAD on Friday and closed at 1.3217. Today in the European session, while USD CAD Technical Analysis July 17, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3205, which is 0.10% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3180 and a fall-through could take it to the next support level of 1.3150 The pair is expected to find its first resistance at 1.3230, and a rise-through could take it to the next resistance level of 1.3265. Today’s expected trading range is between 1.3130 support and 1.3285 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3180
Support 2: 1.3150
Support 3: 1.3130
Important resistance levels:
Resistance 1: 1.3230
Resistance 2: 1.3265
Resistance 3: 1.3285
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