CAD Starts Positively 21/11/2025

The pair advanced within its uptrend, meeting the 1.4090 objective and printing a 1.4107 high.

Technical outlook

• SMAs: Positioned beneath price and supporting momentum.
• RSI: Firm and constructive, consistent with further topside attempts.

Base case (bullish while above 1.4050)

• Holding 1.4050 keeps the upside in focus.
• A clean break/4H close above 1.4120 would likely open 1.4140, then 1.4180.

Alternative / pullback

• A return below 1.4050 would stall momentum and favor a retest of 1.4000 before buyers try to reassert control.

Event risk

• High-impact releases today: UK Retail Sales, and prelim Manufacturing/Services PMIs for the UK, Eurozone, and US—expect elevated volatility around the prints.

Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if trigger levels give way.

Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.

S1: 1.4050	R1: 1.4120
S2: 1.4000	R2: 1.4150
S3: 1.3965	R3: 1.4185