CAD Presses Against Support 17/9/2025

The pair extended its negative bias after breaking the ascending trend line, confirming downside pressure.

Technical Outlook:

• Price Action: Intraday movements lean lower as the 50-SMA and other short-term averages now act as dynamic resistance.
• Trend Line: The clear break of the ascending trend line reinforces the bearish structure.

Probable Scenario:

• Downside Bias: The bearish outlook dominates as long as trading remains below 1.3800, with immediate targets at 1.3740. A break of this level could extend losses towards 1.3700.
• Alternative View: A confirmed break above the 1.3800 psychological resistance could delay the bearish scenario and allow a recovery toward 1.3875.

Market Alert: Volatility is expected today with the release of high-impact U.S. data (FOMC statement, Fed economic outlook, Chair Powell’s press conference, and the Fed Funds Rate).

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: 1.3740	R1: 1.3820
S2: 1.3700	R2: 1.3875
S3: 1.3655	R3: 1.3905