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USD CAD Technical Analysis July 21, 2023

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USD CAD Technical Analysis July 21, 2023

The USD rose 0.06% against the CAD on Thursday and closed at 1.3171. Today in the European session, while USD CAD Technical Analysis July 21, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3205, which is 0.25% higher than CAD from yesterday’s close.

The pair is expected to find support at 1.3155 and a fall-through could take it to the next support level of 1.3120 The pair is expected to find its first resistance at 1.3205, and a rise-through could take it to the next resistance level of 1.3230. Today’s expected trading range is between 1.3095 support and 1.3240 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3155
Support 2: 1.3120
Support 3: 1.3095

Important resistance levels:

Resistance 1: 1.3205
Resistance 2: 1.3230
Resistance 3: 1.3240

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