The USD\/CAD pair has been dominated by an upward trend after recording repeated closes above the pivotal support level of 1.3800<\/strong>, which reinforces the pair’s positive outlook.<\/p>\n\n\n\n The pair is currently facing a strong resistance level around 1.3880<\/strong>. The Relative Strength Index (RSI)<\/strong> is clearly in overbought territory, which may give the pair an opportunity to correct this overbought condition. This does not contradict the overall daily uptrend.<\/p>\n\n\n\n We may see a limited bearish bias as long as instantaneous trading remains below 1.3880<\/strong>, with the goal of initially retesting 1.3820<\/strong>. It is important to note that a minor correction scenario does not negate the daily uptrend, whose targets are around 1.3940<\/strong> and then 1.3980<\/strong> once a breakout of the 1.3905<\/strong> resistance level is confirmed.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n \u00b7 High-Impact Data:<\/strong> Today, we are awaiting high-impact economic data from the U.S. economy: the Federal Reserve’s FOMC Meeting Minutes<\/strong>. This data could cause strong price volatility upon its release.<\/p>\n\n\n\n Warning<\/strong><\/p>\n\n\n\n The risk level is elevated amid ongoing trade and geopolitical tensions, and all scenarios could be possible.<\/p>\n\n\n\n Disclaimer<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n The USD\/CAD pair has been dominated by an upward trend after recording repeated closes above the pivotal support level of 1.3800, which reinforces the pair’s positive outlook. Technical Outlook – 4-Hour Timeframe The pair is currently facing a strong resistance level around 1.3880. The Relative Strength Index (RSI) is clearly in overbought territory, which may …<\/p>\n","protected":false},"author":13,"featured_media":117904,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[6889,7770],"class_list":["post-117898","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-cad","tag-fomc-minutes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117898"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117898\/revisions"}],"predecessor-version":[{"id":117917,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117898\/revisions\/117917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117904"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Technical Outlook – 4-Hour Timeframe<\/h3>\n\n\n\n
Probable Scenario<\/strong><\/h3>\n\n\n\n
S1: 1.3820<\/strong><\/strong><\/td> R1: 1.3905<\/strong><\/strong><\/td><\/tr> S2: 1.3760<\/strong><\/strong><\/td> R2: 1.3940<\/strong><\/strong><\/td><\/tr> S3: 1.3730<\/strong><\/strong><\/td> R3: 1.3990<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"