A bearish corrective trend continues to dominate the USD\/CAD pair after failing to sustain gains above the psychological barrier of 1.3800.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The pair has broken below the ascending support line, as shown on the chart, alongside the continuation of a negative crossover in the simple moving averages. This reinforces the bearish daily outlook. In addition, the Relative Strength Index (RSI) is delivering clear negative signals, further supporting downside momentum.<\/p>\n\n\n\n Probable Scenario:<\/strong><\/p>\n\n\n\n With trading remaining below the previously broken support\u2014now acting as resistance under the role-reversal principle\u2014the bearish bias is likely to dominate. A sustained move below 1.3740 could accelerate the corrective decline, exposing the pair to further downside pressure.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Today\u2019s session will feature high-impact US economic data, including the ISM Manufacturing PMI. This release may trigger heightened price volatility.<\/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 A bearish corrective trend continues to dominate the USD\/CAD pair after failing to sustain gains above the psychological barrier of 1.3800. Technical Outlook \u2013 4-hour timeframe: The pair has broken below the ascending support line, as shown on the chart, alongside the continuation of a negative crossover in the simple moving averages. This reinforces the …<\/p>\n","protected":false},"author":9,"featured_media":118337,"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-118325","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\/118325","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=118325"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118325\/revisions"}],"predecessor-version":[{"id":118338,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118325\/revisions\/118338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118337"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: <\/strong>1.3740<\/td> R1: <\/strong>1.3770<\/td><\/tr> S2: <\/strong>1.3715<\/td> R2: <\/strong>1.3810<\/td><\/tr> S3: <\/strong>1.3665<\/td> R3: <\/strong>1.3850<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"