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2025-09-17 18:16:48
USD/CAD Technical Analysis: The 4-hour Bollinger Band is at 1.3805, with the upper band at 1.3893 and the lower band at 1.3716. After retreating from the double highs of 1.3889-1.3924, the exchange rate has fallen below the middle band and is trading near the lower band. Currently, there is limited distance between 1.3754 and the lower band, indicating a short-term trend of "weakening within the band and retracing to the lower band." Near-term lows of 1.3725 and 1.3730 (and earlier, 1.3721) form a dense support cluster, which, combined with the lower band at 1.3716, forms a critical defensive zone between 1.3725 and 1.3716. The MACD shows a DIFF of -0.0023 and a DEA of -0.0019, both below the zero axis, with the DIFF slightly below the DEA. The histogram is -0.0008, indicating bearish momentum and continued momentum, indicating a continued trend. The RSI (14) reading is 32.9843, approaching but not yet reaching the traditional oversold threshold of 30, indicating that "weakness is not extreme". In terms of resistance, the middle Bollinger band of 1.3805 is the first upward test. If it returns above it, we can talk about the second confirmation of 1.3878/1.3889 and the upper band of 1.3893, and then the previous high of 1.3924. If the support band of 1.3725-1.3716 is lost, the bearish trend may accelerate, and the psychological barrier of 1.3700 will become the next level of observation.
