{"id":123329,"date":"2026-02-03T12:10:47","date_gmt":"2026-02-03T08:10:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=123329"},"modified":"2026-02-03T12:10:52","modified_gmt":"2026-02-03T08:10:52","slug":"cad-trying-to-bounce-back-3-2-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cad-trying-to-bounce-back-3-2-2026\/02\/03\/tech-analysis\/","title":{"rendered":"CAD Trying to Bounce Back 3\/2\/2026"},"content":{"rendered":"\n<p>An upward bias is currently dominating USD\/CAD after the pair found firm support near the 1.3610 level, allowing bullish momentum to gradually build.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Chart<\/strong><\/p>\n\n\n\n<p>Simple moving averages have shifted back into a supportive role, acting as a dynamic base that could encourage further upside. This is complemented by the Relative Strength Index (RSI), which is attempting to generate positive signals, indicating improving short-term momentum.<\/p>\n\n\n\n<p><strong>Expected Scenario<\/strong><\/p>\n\n\n\n<p>As long as price action remains above the 1.3615 support level, the technical outlook stays constructive, with 1.3705 standing as the first upside target. A sustained break above this level would likely extend gains toward 1.3730.<\/p>\n\n\n\n<p>On the downside, a consolidation below 1.3610 would temporarily weaken the bullish setup and could halt the advance, opening the door for a corrective pullback toward 1.3560, with potential extension toward 1.3520.<\/p>\n\n\n\n<p><strong>Caution:<\/strong><br>Market conditions remain high-risk amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n<p><strong>Risk note<\/strong><br>Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: <\/strong>1.3610<\/td><td><strong>R1: <\/strong>1.3705<\/td><\/tr><tr><td><strong>S2:\u00a0<\/strong>1.3560<\/td><td><strong>R2: <\/strong>1.3750<\/td><\/tr><tr><td><strong>S3: <\/strong>1.3515<\/td><td><strong>R3: <\/strong>1.3805<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An upward bias is currently dominating USD\/CAD after the pair found firm support near the 1.3610 level, allowing bullish momentum to gradually build. Technical Outlook \u2013 4-Hour Chart Simple moving averages have shifted back into a supportive role, acting as a dynamic base that could encourage further upside. This is complemented by the Relative Strength &hellip;<\/p>\n","protected":false},"author":9,"featured_media":123340,"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-123329","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\/123329","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=123329"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123329\/revisions"}],"predecessor-version":[{"id":123341,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123329\/revisions\/123341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/123340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=123329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=123329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=123329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}