{"id":126615,"date":"2026-05-04T10:51:00","date_gmt":"2026-05-04T06:51:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126615"},"modified":"2026-05-04T10:26:17","modified_gmt":"2026-05-04T06:26:17","slug":"loonies-failure-above-1-3600-reignites-selling-pressure-4-5-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/loonies-failure-above-1-3600-reignites-selling-pressure-4-5-2026\/05\/04\/tech-analysis\/","title":{"rendered":"Loonie&#8217;s Failure Above 1.3600 Reignites Selling Pressure 4\/5\/2026"},"content":{"rendered":"\n<p>The USD\/CAD pair has retreated significantly after failing to establish a foothold above the psychological resistance at 1.3600, which imposed clear downward pressure and steered the pair into a renewed downtrend.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Timeframe<\/strong><\/p>\n\n\n\n<p>On the short-term horizon, the simple moving averages continue to weigh on the price, functioning as a dynamic resistance barrier that reinforces the continuation of the prevailing short-term downtrend.<\/p>\n\n\n\n<p>Compounding this picture, the Relative Strength Index (RSI) has slipped into oversold territory \u2014 a reading that points to persistent negative momentum, though it also raises the prospect of a potential deceleration in the decline without invalidating the broader bearish trend.<\/p>\n\n\n\n<p><strong>Most Likely Scenario:<\/strong><\/p>\n\n\n\n<p>As long as trading remains capped below the 1.3600 resistance ceiling, the bearish bias will retain the upper hand, with the initial target set at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3560<\/li>\n<\/ul>\n\n\n\n<p>A confirmed break beneath this level would deepen the losses toward:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3530 as the subsequent objective<\/li>\n<\/ul>\n\n\n\n<p>On the flip side, a sustained recovery and stabilization above the 1.3620 threshold would temporarily neutralize the bearish scenario and pave the way for a corrective rebound, with an initial upside target at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3660<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk Alert:<\/strong> Risk levels remain elevated amid persistent trade frictions and geopolitical tensions \u2014 all scenarios should be considered plausible.<\/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>1.3560<\/td><td><strong>R1: <\/strong>1.3620<\/td><\/tr><tr><td><strong>S2:\u00a0<\/strong>1.3530<\/td><td><strong>R2: <\/strong>1.3660<\/td><\/tr><tr><td><strong>S3: <\/strong>1.3500<\/td><td><strong>R3: <\/strong>1.3705<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/CAD pair has retreated significantly after failing to establish a foothold above the psychological resistance at 1.3600, which imposed clear downward pressure and steered the pair into a renewed downtrend. Technical Outlook \u2013 4-Hour Timeframe On the short-term horizon, the simple moving averages continue to weigh on the price, functioning as a dynamic resistance &hellip;<\/p>\n","protected":false},"author":9,"featured_media":126627,"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-126615","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\/126615","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=126615"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126615\/revisions"}],"predecessor-version":[{"id":126628,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126615\/revisions\/126628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/126627"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}