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USD CAD Technical Analysis July 18, 2023

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USD CAD Technical Analysis July 18, 2023

The USD declined 0.09% against the CAD on Monday and closed at 1.3197. Today in the European session, while USD CAD Technical Analysis July 18, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3200, which is 0.01% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3160 and a fall-through could take it to the next support level of 1.3135 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 1.3250. Today’s expected trading range is between 1.3095 support and 1.3285 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3160
Support 2: 1.3135
Support 3: 1.3095

Important resistance levels:

Resistance 1: 1.3230
Resistance 2: 1.3250
Resistance 3: 1.3285

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