Selling pressure dominated the USD\/CAD pair after it encountered resistance at 1.4060, forcing it into negative trading.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe<\/p>\n\n\n\n
The simple moving averages have returned to exert downward pressure on the price and are acting as a dynamic resistance level. This is further supported by negative signals from the Relative Strength Index (RSI).<\/p>\n\n\n\n
Likely Scenario:<\/p>\n\n\n\n
If the price remains below 1.4020, the downward pressure will increase. A confirmed break below 1.3990 would facilitate a move towards 1.3960, an initial support level that could later extend to 1.3920.<\/p>\n\n\n\n
Conversely, a return to stability above 1.4020 could halt the downward trend and lead the pair to attempt to resume its upward trajectory, with initial targets at 1.4050.<\/p>\n\n\n\n
Note: Today, we await the release of the Federal Reserve meeting minutes, which may lead to high price volatility.<\/p>\n\n\n\n
Warning: The level of risk is high amid ongoing trade and geopolitical tensions, and all scenarios are possible.<\/p>\n\n\n\n
Risk note<\/strong> Selling pressure dominated the USD\/CAD pair after it encountered resistance at 1.4060, forcing it into negative trading. Technical Outlook \u2013 4-Hour Timeframe The simple moving averages have returned to exert downward pressure on the price and are acting as a dynamic resistance level. This is further supported by negative signals from the Relative Strength Index …<\/p>\n","protected":false},"author":9,"featured_media":121018,"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-121008","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\/121008","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=121008"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121008\/revisions"}],"predecessor-version":[{"id":121019,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121008\/revisions\/121019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121018"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.<\/p>\n\n\n\nS1: <\/strong>1.3960<\/td> R1: <\/strong>1.4050<\/td><\/tr> S2:\u00a0<\/strong>1.3920<\/td> R2: <\/strong>1.4100<\/td><\/tr> S3: <\/strong>1.3865<\/td> R3: <\/strong>1.4145<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"