Technical analysis of USD/CAD 07/31/2025
The USD/CAD pair on the daily timeframe (1D) is trading within an upward correction.
The current price is 1.3835.
The movement maintains bullish momentum, with the nearest resistance located around 1.3920 (38.2% Fibo). A breakout above this level would open the way to a key target at 1.4030, where the 50% Fibonacci retracement coincides with the 200-day moving average (MA 200).
Immediate support levels are seen at 1.3780 (23.6% Fibonacci) and 1.3555 (local low).
The 100-day and 200-day moving averages (MA 100 and MA 200) remain downward-sloping, indicating the dominance of a medium-term bearish trend.
RSI stands at 63, reflecting moderate bullish pressure.
Created by Joshua Hayn
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