USDCAD eyes 1.4000 support
#USDCAD tests key 1.4000 support after a 6-day slide! Stabilizing momentum suggests a potential rebound toward 1.4100, but a break lower risks deeper losses.
XM Group
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1 hari yang lalu
Overview: After extending a six-session losing streak following the pullback from its eighteen-month high, USDCAD is now testing key support near the 1.4000 area, where the 50-day SMA is helping cushion declines.
Momentum: Momentum signals are stabilising near the oversold territory, suggesting a near-term rebound cannot be ruled out.
Bullish scenario: A rebound from current levels could gain traction if the pair reclaims the 100-day SMA near 1.4042, exposing 1.4122 initially and potentially 1.4230 thereafter.
Risk: A decisive break below 1.4000 would reinforce the corrective phase.
XM Group
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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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