The USD\/CAD pair has come under renewed short-term downside pressure after reaching a high near 1.3686 in the previous session, allowing a temporary corrective downtrend to reassert itself.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Chart<\/strong><\/p>\n\n\n\n Despite the recent pullback, simple moving averages are once again acting as a potential support zone, which could help stabilize price action and encourage a rebound. This view is supported by the Relative Strength Index (RSI), which is showing positive signals and suggests that the pair may be attempting to build a support base ahead of a possible recovery.<\/p>\n\n\n\n Expected Scenario<\/strong><\/p>\n\n\n\n As long as price action remains above the 1.3610 support level \u2014 and more broadly above 1.3590 \u2014 this is considered a constructive signal. Under this scenario, the pair could target 1.3680 as an initial upside objective. A sustained break above this level would further strengthen recovery prospects, opening the way toward 1.3710.<\/p>\n\n\n\n On the downside, a consolidation below the 1.3590 level would temporarily invalidate the recovery scenario and shift focus lower, with downside targets at 1.3560 initially and potential extension toward 1.3520.<\/p>\n\n\n\n Market Note:<\/strong> Risk Warning:<\/strong> Risk note<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" The USD\/CAD pair has come under renewed short-term downside pressure after reaching a high near 1.3686 in the previous session, allowing a temporary corrective downtrend to reassert itself. Technical Outlook \u2013 4-Hour Chart Despite the recent pullback, simple moving averages are once again acting as a potential support zone, which could help stabilize price action …<\/p>\n","protected":false},"author":9,"featured_media":123397,"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-123389","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\/123389","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=123389"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123389\/revisions"}],"predecessor-version":[{"id":123398,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123389\/revisions\/123398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/123397"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=123389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=123389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=123389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
High-impact U.S. economic data is due today, particularly the Non-Farm Payrolls (NFP) report and the ISM Services PMI, which may trigger elevated volatility.<\/p>\n\n\n\n
Market conditions remain high-risk amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.<\/p>\n\n\n\nS1: <\/strong>1.3610<\/td> R1: <\/strong>1.3705<\/td><\/tr> S2: <\/strong>1.3560<\/td> R2: <\/strong>1.3750<\/td><\/tr> S3: <\/strong>1.3515<\/td> R3: <\/strong>1.3805<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n