The USD/CAD pair extended its gradual upward movement, successfully breaching the key psychological resistance at 1.4000, reaching the target level of 1.4020 and marking an intraday high at 1.4034. Technical Overview The Relative Strength Index (RSI) continues to issue short-term positive signals, supporting the prevailing bullish momentum. Meanwhile, the pair …
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The USD/CAD pair extended its upward movement for a second consecutive session, maintaining positive momentum in line with the previously expected bullish outlook. The pair continues to benefit from sustained demand for the US dollar and firm technical support. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) continues …
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The USD/CAD pair continues to show gradual upward movement, maintaining its recent bullish tone as technical indicators remain supportive of a continuation in the prevailing trend. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) continues to provide positive short-term signals, reflecting steady bullish momentum. Meanwhile, the price remains …
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The pair maintained its bullish momentum, reaching the official target at 1.3970 and recording a session high of 1.3986. Technical Outlook: RSI: Continues to issue positive short-term signals, reflecting sustained bullish momentum. 50-day SMA: Price action remains above the moving average, providing dynamic support to the uptrend. Probable Scenario: Bullish …
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The pair remains in an upward trend, attempting to consolidate above the 1.3900 level while maintaining a positive technical structure. Technical Outlook: RSI: Sending early positive signals, supporting short-term bullish momentum. 50-period SMA: Prices remain above it, reinforcing the upside bias. Probable Scenario: Bullish Case: As long as trading holds …
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The pair extended its upward movement, testing the pivotal resistance at 1.3950, which successfully limited further gains. Technical Outlook: Relative Strength Index (RSI): Attempting to send short-term positive signals, hinting at a possible continuation of bullish momentum. 50-day Simple Moving Average (SMA): Prices remain supported above this level, reinforcing the …
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The pair continues to move within an overall upward trajectory, though technical signals remain conflicting. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals on the short-term timeframe, hinting at a possible slowdown in momentum. Simple Moving Averages (SMA): Acting as dynamic support, helping to maintain the broader …
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Positive trading has re-emerged in the pair, supported by stability above the 1.3770 level. Technical Outlook: Relative Strength Index (RSI): Returning to send short-term positive signals, reflecting renewed buying attempts. Simple Moving Averages (SMA): Acting as dynamic resistance, still exerting pressure on the price from above. Probable Scenario:With mixed signals …
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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 …
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The USD/CAD pair came under strong selling pressure after failing to sustain stability above the psychological barrier of 1.3800. Technical Outlook – 4-hour timeframe: Intraday price action is tilting downward, with the simple moving averages now acting as dynamic resistance, pressing on the pair from above. In addition, the break …
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