The USD\/CAD pair has been gradually rising, following the expected positive outlook. It touched the first technical station at 1.3920<\/strong> after reaching its highest level during the current session’s early trading at 1.3915<\/strong>.<\/p>\n\n\n\n The pair successfully broke the resistance level of 1.3880<\/strong>, which has now turned into support, in line with the principle of role reversal. This is supported by the 50-day Simple Moving Average, which continues to provide dynamic support for the movement. Additionally, the clear positive momentum on the Relative Strength Index (RSI) increases the likelihood of a continued ascent.<\/p>\n\n\n\n We may see a continued rise, targeting 1.3940<\/strong> as the first resistance level. A break above this would reinforce gains, directly opening the way to 1.3975<\/strong> as the next target, as long as trading does not fall below 1.3880<\/strong>.<\/p>\n\n\n\n A slip below 1.3880<\/strong> would postpone the upward opportunities but not cancel them out. We may see a retest of 1.3850<\/strong>, a key support area, before attempts to rise again.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n We are awaiting high-impact economic event today, namely “Jerome Powell’s speech at the Jackson Hole Economic Symposium throughout the day.” This event could cause strong price volatility.<\/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 USD\/CAD pair has been gradually rising, following the expected positive outlook. It touched the first technical station at 1.3920 after reaching its highest level during the current session’s early trading at 1.3915. Technical Outlook – 4-Hour Timeframe The pair successfully broke the resistance level of 1.3880, which has now turned into support, in line …<\/p>\n","protected":false},"author":13,"featured_media":118007,"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-118005","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\/118005","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=118005"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118005\/revisions"}],"predecessor-version":[{"id":118006,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118005\/revisions\/118006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118007"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118005"}],"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: <\/strong>1.3880<\/td> R1: <\/strong>1.3850<\/td><\/tr> S2:\u00a0<\/strong>1.3820<\/td> R2: <\/strong>1.3940<\/td><\/tr> S3: <\/strong>1.3975<\/td> R3: <\/strong>1.4010<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"