Noor Trends News, Technical Analysis, Educational Tools and Recommendations
USD/CAD is under pressure after two steep down sessions, now testing the 1.4000 psychological support.
Technical outlook
- Trend/SMAs: Price is tracking a sharp downtrend, capped by descending simple moving averages that act as dynamic resistance.
- RSI: Clear negative momentum signals align with the bearish structure.
Base case (bearish while below 1.4040)
- Staying below 1.4040 keeps the downside in play.
- A decisive break/4H close below 1.3995 would likely extend losses toward 1.3965, then 1.3945.
Invalidation / relief bounce
- Reclaiming and holding above 1.4050 would stall the slide and allow a recovery toward 1.4080, then 1.4120.
Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.
| S1: 1.3995 | R1: 1.4040 |
| S2: 1.3965 | R2: 1.4080 |
| S3: 1.3940 | R3: 1.4120 |
