USD CAD Technical Analysis July 7, 2023
The USD rose 0.66% against the CAD on Thursday and closed at 1.3368. Today in the European session, while USD CAD Technical Analysis July 7, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3365, which is 0.02% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3360 and a fall-through could take it to the next support level of 1.3300 The pair is expected to find its first resistance at 1.3385, and a rise-through could take it to the next resistance level of 1.3400. Today’s expected trading range is between 1.3275 support and 1.3450 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3360
Support 2: 1.3300
Support 3: 1.3275
Important resistance levels:
Resistance 1: 1.3385
Resistance 2: 1.3400
Resistance 3: 1.3450
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