empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

23.07.202512:08 Forex Analysis & Reviews: USD/CAD. Analysis and Forecast

Exchange Rates 23.07.2025 analysis

The USD/CAD pair is currently in a phase of bearish consolidation, fluctuating within a narrow trading range below the psychological level of 1.3600.

From a technical standpoint, the recent breakdown of the horizontal support level at 1.3635 has provided a new bearish signal. Oscillators on the daily chart are beginning to show negative momentum, indicating that the path of least resistance for spot prices is downward. A decline below the support level at 1.3575 would confirm the negative outlook and expose the yearly low around 1.3550, followed by the June low.

The downward trajectory could extend toward the key psychological level of 1.3500. A decisive break below this level would create conditions for a renewed move within the previously established descending channel.

On the other hand, any recovery attempt is likely to face immediate resistance at the former support-turned-resistance level of 1.3650. Further upward movement can be seen as a selling opportunity, with gains likely capped near the 1.3700 psychological level. However, a sustained breakout above this area would trigger a short-covering rally, lifting USD/CAD toward the monthly high. A continuation of buying interest beyond that point would invalidate the bearish forecast and pave the way for further gains.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Irina Yanina,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.