Can USDCAD (4H) break free from its bearish grip?
USDCAD holds floor at 1.3989! A move above 1.4037 may favor the bulls, shifting the focus to 1.4080. Risk: A drop below 1.4000 hands control back to bears.
XM Group
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89 hari yang lalu
Overview: The negative trend in USDCAD paused near 1.3989 for the second time in a week after the recent upside move was rejected near the 20- and 50-period SMAs and the 1.4078 barrier. A long-tailed red candlestick in the same region is hinting that sellers may be losing momentum, but buyers need a decisive break above 1.4070–1.4078 to confirm a recovery.
Momentum: The RSI is improving but remains below 50, while the stochastic and MACD are also turning higher, signaling early signs of renewed buying interest.
Bullish Scenario: A move above 1.4035 could strengthen the rebound towards the resistance trendline seen near 1.4070. A breakout above 1.4080 may open the way towards 1.4118.
Risk: A drop below 1.4000 would weaken the recovery case and bring sellers back into control.
XM Group
4.3
438 ulasan
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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