The USD\/CAD pair declined in the previous trading session. As highlighted in our last report, we maintained a neutral stance due to conflicting technical signals, noting that a break below 1.3820 would apply negative pressure and open the way for a retest of 1.3790. The pair indeed extended losses, reaching a low of 1.3769.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The pair has confirmed a break below the ascending support line, as illustrated on the chart. This breakdown, combined with the continued negative crossover of the simple moving averages, strengthens the case for a continuation of the broader bearish trend.<\/p>\n\n\n\n Probable Scenario:<\/strong><\/p>\n\n\n\n As long as trading remains below the previously broken support\u2014now turned resistance under the role-reversal principle\u2014at 1.3840, the downside outlook remains dominant. Bearish targets are located at 1.3750 initially, with a further extension toward 1.3670. Conversely, a successful break above 1.3840 would invalidate the bearish scenario and restore upward momentum, with potential targets at 1.3900.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Traders are awaiting high-impact US economic data today, including the preliminary GDP (quarterly) reading and weekly unemployment claims. These releases may trigger heightened volatility across USD pairs.<\/p>\n\n\n\n Warning:<\/strong> Risks remain high amid ongoing trade and geopolitical tensions, and all scenarios should be considered.<\/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 declined in the previous trading session. As highlighted in our last report, we maintained a neutral stance due to conflicting technical signals, noting that a break below 1.3820 would apply negative pressure and open the way for a retest of 1.3790. The pair indeed extended losses, reaching a low of 1.3769. Technical …<\/p>\n","protected":false},"author":9,"featured_media":118185,"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-118175","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\/118175","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118175"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118175\/revisions"}],"predecessor-version":[{"id":118186,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118175\/revisions\/118186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118185"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: <\/strong>1.3750<\/td> R1: <\/strong>1.3840<\/td><\/tr> S2:\u00a0<\/strong>1.3715<\/td> R2: <\/strong>1.3900<\/td><\/tr> S3: <\/strong>1.3665<\/td> R3: <\/strong>1.3935<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"