The USD/CAD continued yesterday’s decline.. USD/CAD TO RISE MID JULY. RICH PINGA FORCAST..

Yesterday the USD/CAD traded down and closed the day in the red zone near the price of C$1.3155. Today it also fell a little, dropping to C$1.3120. On the hourly chart, USD/CAD is still trading below the MA (200) H1 moving average line (С$1.3205). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/CAD remains below MA 200 H1, it may be necessary to look for entry points for selling at the end of the correction.

• Resistances levels are at: С$1.3175, С$1.3225, С$1.3245
• Support levels are at: С$1.3120, С$1.3100, С$1.3000