The USD\/CAD pair is moving with a bearish bias after retreating from the 1.3850 resistance level, which capped previous highs and pressured the pair into a short-term downtrend.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n Support is emerging near the 1.3800 level on short-term charts. However, the Relative Strength Index (RSI) has started to issue negative signals, while price action remains capped below the 1.3850 resistance, reinforcing the current bearish tone.<\/p>\n\n\n\n Likely Scenario:<\/strong><\/p>\n\n\n\n A confirmed break above 1.3850 could relieve downside pressure and open the way for further gains toward the next resistance levels indicated on the chart. Conversely, a break below 1.3800 would reinforce bearish momentum and pave the way for a continuation of the downward trend.<\/p>\n\n\n\n Warning:<\/strong> Risks remain elevated 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 is moving with a bearish bias after retreating from the 1.3850 resistance level, which capped previous highs and pressured the pair into a short-term downtrend. Technical Outlook \u2013 4-hour timeframe: Support is emerging near the 1.3800 level on short-term charts. However, the Relative Strength Index (RSI) has started to issue negative signals, …<\/p>\n","protected":false},"author":9,"featured_media":118540,"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-118529","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\/118529","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=118529"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118529\/revisions"}],"predecessor-version":[{"id":118541,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118529\/revisions\/118541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118540"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: <\/strong>1.3775<\/td> R1: <\/strong>1.3870<\/td><\/tr> S2:\u00a0<\/strong>1.3720<\/td> R2: <\/strong>1.3910<\/td><\/tr> S3: <\/strong>1.3680<\/td> R3: <\/strong>1.3965<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"