Noor Trends News, Technical Analysis, Educational Tools and Recommendations
USD/CAD stays bid, pressing the 1.4050 barrier as buyers attempt a topside break following a constructive start to the session.
Technical:
RSI has turned higher, flagging improving momentum. Price holds above the 50-period SMA, which is lending dynamic support and aligning with attempts to clear 1.4050. The 1.4000 zone remains the key psychological floor.
Base case:
While above 1.4000, bias favors a gradual push higher. A clean break/hold over 1.4050 would likely open 1.4090, then 1.4095.
Alternative:
A decisive loss of 1.4000 would weaken the near-term bull case and put 1.3960 back in play for a retest.
Risk:
Event and geopolitical headlines can drive abrupt two-way moves. Use disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.
Risk:
Trade/geopolitical headlines can drive sharp two-way swings. Use disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.
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: 1.4000 | R1: 1.4070 |
| S2: 1.3960 | R2: 1.4095 |
| S3: 1.3930 | R3: 1.4120 |
