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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 7.7.2025

Technical Analysis
Monday, July 07, 2025 - 11:23
Point Trader Group
USDCAD 7.7.2025

General Trend:

The pair respects the long-term ascending trendline and has rebounded from the 1.3549 support, suggesting potential for further upside.

 

Expected Scenario:

Bullish Scenario:

- Holding above 1.3667 could push the pair to test 1.3800.

Bearish Scenario:

- Breaking below the trendline and 1.3549 support could trigger a drop toward 1.3427 and then 1.3300.

Key Levels:

Resistances: 1.3667 – 1.3800 – 1.3920

Supports: 1.3549 – 1.3427 – 1.3300

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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