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2025-09-18 20:17:01
USD/CAD Technical Analysis: The daily Bollinger Band (MB) is at 1.3811, the upper band at 1.3899, and the lower band at 1.3722. The exchange rate is currently fluctuating in a narrow range around 1.3775, generally within the mean reversion zone, below the middle band and above the lower band. This reflects a sideways trend and declining volatility after a rapid rally. The price recently retreated after an unsuccessful attempt to reach 1.3924, reaching a low of 1.3725, forming a dynamic and static resonance support with the lower band at 1.3722. The earlier low at 1.3539 defines the base of the upward trend since June of this year. If the 1.3720-1.3900 range is defined, the current price is in the lower quartile, indicating a tug-of-war between bulls and bears above the lower band and below the moving average. At the indicator level: MACD is slightly negative near the zero axis, and the histogram is converging, indicating a low-level oscillation after the kinetic energy has weakened; RSI (14) is about 47.74, in a neutral and slightly weak range, and does not give an overbought/oversold signal. Combined with the convergence of the Bollinger Band width, the short-term is more in line with the technical characteristics of "Bollinger Band squeeze - direction to be determined". Support and resistance: First look at 1.3722/1.3725 (Bollinger lower band/near-end low) and the dense trading area of 1.3685~1.3690, and further to the key low of 1.3539; above, pay attention to 1.3811 (Bollinger middle band/mean magnetic level), 1.3899 (Bollinger upper band) and 1.3924 (recent high). Before 1.3811 is effectively recovered, the mean pressure is still there; if the closing price stands above the middle band and the volume increases, it will be considered to trigger the "mean upward shift + bandwidth expansion" breakthrough prototype.
