{"id":119995,"date":"2025-10-16T10:54:06","date_gmt":"2025-10-16T06:54:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119995"},"modified":"2025-10-16T10:54:09","modified_gmt":"2025-10-16T06:54:09","slug":"cad-seeks-support-16-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cad-seeks-support-16-10-2025\/10\/16\/tech-analysis\/","title":{"rendered":"CAD Seeks Support 16\/10\/2025"},"content":{"rendered":"\n<p>USD\/CAD is correcting lower in a <strong>bearish sub-trend<\/strong> within the broader <strong>uptrend<\/strong>, as markets consolidate recent gains ahead of policy headlines.<\/p>\n\n\n\n<p><strong>Technical:<\/strong><br><strong>RSI<\/strong> is attempting to exit <strong>oversold<\/strong>, hinting at base-building for a rebound. Price continues to hold <strong>above the 50-period SMA<\/strong>, keeping the larger bullish structure intact. The <strong>1.4000<\/strong> zone (former resistance turned support) remains pivotal.<\/p>\n\n\n\n<p><strong>Base case:<\/strong><br>While <strong>above 1.4000<\/strong>, upside risk persists. A <strong>confirmed break through 1.4065<\/strong> would likely open <strong>1.4095<\/strong>, then <strong>1.4120<\/strong>.<\/p>\n\n\n\n<p><strong>Alternative:<\/strong><br>A <strong>decisive drop below 1.4000<\/strong> would revive downside pressure toward a <strong>retest of 1.3960<\/strong>.<\/p>\n\n\n\n<p><strong>Risk:<\/strong><br>The <strong>Bank of Canada Governor\u2019s speech<\/strong> today may trigger sharp swings. Maintain disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.<\/p>\n\n\n\n<p>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<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: <\/strong>1.4000<\/td><td><strong>R1: <\/strong>1.4065<\/td><\/tr><tr><td><strong>S2:&nbsp;<\/strong>1.3960<\/td><td><strong>R2: <\/strong>1.4095<\/td><\/tr><tr><td><strong>S3: <\/strong>1.3930<\/td><td><strong>R3: <\/strong>1.4130<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD is correcting lower in a bearish sub-trend within the broader uptrend, as markets consolidate recent gains ahead of policy headlines. Technical:RSI is attempting to exit oversold, hinting at base-building for a rebound. Price continues to hold above the 50-period SMA, keeping the larger bullish structure intact. The 1.4000 zone (former resistance turned support) remains &hellip;<\/p>\n","protected":false},"author":9,"featured_media":120006,"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-119995","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\/119995","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=119995"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119995\/revisions"}],"predecessor-version":[{"id":120007,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119995\/revisions\/120007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/120006"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}