The technical outlook remains unchanged, with the upward trend continuing to dominate the movements of the USD\/CAD<\/strong> pair. This comes after repeated closes above the pivotal 1.3800<\/strong> support level, which has reinforced the pair’s positive outlook. The pair is currently facing a strong resistance level around 1.3885<\/strong>. We find that the Relative Strength Index<\/strong> is clearly in the overbought area, which may give the pair a chance to sell off from this overbought state. This does not conflict with the overall daily upward trend. We may see a limited downward bias if short-term trading remains stable below 1.3885<\/strong>, with the goal of initially retesting 1.3840<\/strong>. It’s important to note that this minor correction scenario does not conflict with the overall daily upward trend, which has targets around 1.3920<\/strong> and then 1.3965<\/strong> once the 1.3905<\/strong> resistance level is confirmed to be broken.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Today, we are awaiting high-impact economic data from the US economy: “Weekly Unemployment Claims, Preliminary Reading of the Services and Manufacturing PMI.” This data may cause strong price volatility when released.<\/p>\n\n\n\n Warning<\/strong><\/p>\n\n\n\n The risk level is elevated amid current 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 technical outlook remains unchanged, with the upward trend continuing to dominate the movements of the USD\/CAD pair. This comes after repeated closes above the pivotal 1.3800 support level, which has reinforced the pair’s positive outlook. Technical Outlook – 4-Hour Timeframe The pair is currently facing a strong resistance level around 1.3885. We find that …<\/p>\n","protected":false},"author":13,"featured_media":117959,"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-117954","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\/117954","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=117954"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117954\/revisions"}],"predecessor-version":[{"id":117958,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117954\/revisions\/117958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117959"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n\n\n\nTechnical Outlook – 4-Hour Timeframe<\/h3>\n\n\n\n
<\/p>\n\n\n\nProbable Scenario<\/strong><\/h3>\n\n\n\n
S1: 1.3820<\/strong><\/td> R1: 1.3905<\/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":"