The USD\/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective channel, reflecting continued selling pressure during the current trading session.<\/p>\n\n\n\n Likely Scenario:<\/strong><\/p>\n\n\n\n As long as daily trading remains below the 1.3720<\/strong> resistance level, the bearish trend remains the most likely, targeting 1.3660<\/strong>. A break below this level would open the way for the pair to visit 1.3635<\/strong>.<\/p>\n\n\n\n Conversely, trading above 1.3720<\/strong> could temporarily halt the expected trend, and the pair could recover toward 1.3760<\/strong>.<\/p>\n\n\n\n Caution:<\/strong> The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n Risk note<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" The USD\/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679. Technical Outlook \u2013 4-Hour Timeframe: The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective channel, reflecting continued selling pressure …<\/p>\n","protected":false},"author":9,"featured_media":125901,"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-125891","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\/125891","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=125891"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125891\/revisions"}],"predecessor-version":[{"id":125902,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125891\/revisions\/125902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/125901"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=125891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=125891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=125891"}],"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>1.3660<\/td> R1: <\/strong>1.3720<\/td><\/tr> S2:\u00a0<\/strong>1.3635<\/td> R2: <\/strong>1.3760<\/td><\/tr> S3: <\/strong>1.3600<\/td> R3: <\/strong>1.3790<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n