The Canadian dollar witnessed a slight bullish bias yesterday, taking advantage of the 1.3000 support level to retest the 1.3165 resistance level.<\/p>\n\n\n\n
Technically and by looking at the 60-minute chart, we find the 50-day moving average trying to push the price to the upside in conjunction with the RSI gaining an intraday bullish momentum.<\/p>\n\n\n\n
Therefore, we may witness attempts to breach 1.3175 in the coming hours, which is a motive that enhances the chances of a rally towards 1.3205 then 1.3240.<\/p>\n\n\n\n
If the pair fails to breach the aforementioned resistance and returns to trading below 1.3110, this puts the price under negative pressure to continue the downside path with a first official target at 1.3050 then 1.3010.<\/p>\n\n\n\n
Warning: Stochastic is still holding onto the negative.<\/p>\n\n\n\n The Canadian dollar witnessed a slight bullish bias yesterday, taking advantage of the 1.3000 support level to retest the 1.3165 resistance level. Technically and by looking at the 60-minute chart, we find the 50-day moving average trying to push the price to the upside in conjunction with the RSI gaining an intraday bullish momentum. Therefore, …<\/p>\n","protected":false},"author":9,"featured_media":35896,"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":[7222,6889,7228,6877,7227],"class_list":["post-35878","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-cad","tag-canadian","tag-dollar","tag-technical"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35878","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=35878"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35878\/revisions"}],"predecessor-version":[{"id":35903,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35878\/revisions\/35903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35896"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3110<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R1: 1.3205 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong> 1.3045 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R2:<\/strong> 1.3240 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S3: 1.3010 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R3: 1.3302 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"