{"id":36279,"date":"2020-10-29T11:10:41","date_gmt":"2020-10-29T07:10:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=36279"},"modified":"2020-10-29T11:10:45","modified_gmt":"2020-10-29T07:10:45","slug":"canadian-dollar-re-test-support","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-re-test-support\/10\/29\/tech-analysis\/","title":{"rendered":"Canadian Dollar Re-Test Support"},"content":{"rendered":"\n<p>The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335.<\/p>\n\n\n\n<p>Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas.<\/p>\n\n\n\n<p>We think that there is a possibility that we will witness a mild bearish bias targeting a re-test of the previously breached resistance-into-support 1.3230 \/ 1.3250 before rising again.<\/p>\n\n\n\n<p>Warning: Returning to trading above 1.3330 will negate the expected scenario and push the pair to resume the bullish path, with an initial target of 1.3360 and extending to 1.3420.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3200<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3355 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3110&nbsp;&nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3420 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3045 \u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3510 \u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think that there is a possibility &hellip;<\/p>\n","protected":false},"author":9,"featured_media":36283,"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-36279","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\/36279","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=36279"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36279\/revisions"}],"predecessor-version":[{"id":36284,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/36279\/revisions\/36284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36283"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=36279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=36279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=36279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}