Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The USD/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679.
Technical Outlook – 4-Hour Timeframe:
The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective channel, reflecting continued selling pressure during the current trading session.
Likely Scenario:
As long as daily trading remains below the 1.3720 resistance level, the bearish trend remains the most likely, targeting 1.3660. A break below this level would open the way for the pair to visit 1.3635.
Conversely, trading above 1.3720 could temporarily halt the expected trend, and the pair could recover toward 1.3760.
Caution: The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.
Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.
| S1: 1.3660 | R1: 1.3720 |
| S2: 1.3635 | R2: 1.3760 |
| S3: 1.3600 | R3: 1.3790 |
