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2025-09-16 20:07:01
USD/CAD Technical Analysis: The daily chart shows a mild convergence of Bollinger Bands. The middle band at 1.3811 has flattened since mid-August, indicating a slowdown in trend momentum. The upper band at 1.3898 and the lower band at 1.3723 form a short-term fluctuation range. The current candlestick body is near 1.3750, slightly below the medium-term average. MACD DIFF = 0.0007, DEA = 0.0013, and MACD on the histogram = -0.0012, indicating that the price has not yet formed a clear upward momentum resonance, and the momentum structure is closer to "weak divergence near the zero axis - rebalancing." The RSI (14) is 44.8597, in the "neutral slightly bearish" range, and has not triggered the oversold threshold. It is likely to continue the sideways trend or maintain "weak oscillation - direction undetermined" before fundamental catalysts. In terms of price structure, 1.3723 (lower Bollinger band) is the current dynamic support level. A break below it on heavy volume and a failed retest would open up potential for an extension towards the previous low cluster. 1.3539 is further static support and a sentiment anchor. Above, resistance lies at 1.3811 (middle band) and 1.3898 (upper band). If a sentiment-driven volume breakout leads to a recapture and stabilization of the middle band, a pullback to the previous high near 1.3924 is possible. The lack of significant expansion in the Bollinger Band width suggests a diminishing marginal advantage for trend trading, with mean reversion and box-shaped trading more in line with the market.
