Noor Trends News, Technical Analysis, Educational Tools and Recommendations
USD/CAD — 4H Technical Update
The pair sold off sharply, tracking a bearish double-top break.
Technical outlook
- Trend/SMAs: Price is sliding within a steep downchannel, capped by descending SMAs acting as dynamic resistance.
- RSI: Firmly negative, consistent with sustained downside pressure.
Base case (bearish while below 1.4040)
- Maintaining trade beneath 1.4040 keeps the bias lower.
- A decisive break/4H close below 1.3995 would likely extend losses toward 1.3965, then 1.3945.
Invalidation / bounce path
- Reclaiming and holding above 1.4040 would stall the downtrend and allow a recovery toward 1.4080, then 1.4120.
Risk note
Headline risk remains elevated. Use prudent sizing and firm stops; reassess quickly if the trigger levels give way.
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: 1.3995 | R1: 1.4040 |
| S2: 1.3965 | R2: 1.4080 |
| S3: 1.3940 | R3: 1.4120 |
