NEWS: The USDCAD is falling 0.1 % to hit the lowest level in the last three weeks due to the weakening of the US dollar.
Possible Scenarios:
If USDCAD fails to breach through S1 of 1.35514, our Research Department expects the USDCAD to undergo a short- term upward correction.
If USDCAD manages to break below its S1 of 1.35514, our Research Department expects the USDCAD to extend its losses to its S2 of 1.35292
Support and Resistance Levels:
USDCAD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.35070 |
1.35292 |
1.35514 |
1.35810 |
1.36106 |
1.36328 |
1.36550 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $73.62 |
(+/-) €62.75 |
(+/-) £54.37 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.17321
***GBP/USD= 1.35402
Calculations for exchange rate used as of Wednesday, July 23, 2025, 11:52 (GMT+1)