Noor Trends News, Technical Analysis, Educational Tools and Recommendations
A gradual and consistent upward move continues to shape the USD/CAD pair, with intraday trading showing stability near the early-session high of 1.4120.
Technical Outlook – 4-Hour Timeframe
The simple moving averages remain supportive beneath the price, reinforcing bullish momentum. The RSI is also sending clear positive signals after successfully exiting overbought territory, further confirming the strength of the current upward trend.
Most Likely Scenario
As long as the pair holds above 1.4050, the bullish outlook remains intact. A confirmed break and sustained support above 1.4120 would likely propel the pair toward 1.4156, with potential extension to 1.4180.
However, a move back below 1.4050 could temporarily interrupt the uptrend, exposing the pair to a retest of 1.4000 before any renewed attempt to resume the upward trajectory.
Warning
Key U.S. economic data is scheduled for release today, particularly the monthly and annual Producer Price Index (PPI), which may trigger heightened volatility around the release time.
Risk Disclaimer
The risk environment remains elevated amid ongoing trade and geopolitical tensions, and multiple scenarios remain possible.
Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.
| S1: 1.4050 | R1: 1.4150 |
| S2: 1.4000 | R2: 1.4180 |
| S3: 1.3965 | R3: 1.4220 |
