CAD May Extend Its Gains 23/9/2025

The pair continues to move within an overall upward trajectory, though technical signals remain conflicting.

Technical Outlook:

• Relative Strength Index (RSI): Beginning to show negative signals on the short-term timeframe, hinting at a possible slowdown in momentum.
• Simple Moving Averages (SMA): Acting as dynamic support, helping to maintain the broader bullish bias.

Probable Scenario:

• Bullish Case: A breakout above 1.3840 could strengthen upward momentum, opening the way for gains towards 1.3860 and then 1.3890.
• Bearish Case: A break below 1.3800 would reintroduce downside pressure, with targets near 1.3755.

Note: Markets await high-impact US economic data today (Services and Manufacturing PMI). This may trigger heightened volatility.

Risk Warning: The risk level is elevated amid ongoing trade and geopolitical tensions, and all scenarios remain possible.

Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.

S1: 1.3800	R1: 1.3860
S2: 1.3755	R2: 1.3890
S3: 1.3720	R3: 1.3920