Intraday Analysis 04.09.2026
GBPUSD finds a bounce 
Cable moved higher after finding support just below 1.3500.
- A break below that level previously put the bulls on the defensive.
- The pound looks for an uptrend as buyers re-enter the market.
- 1.3550 is the next stop and is a critical resistance to prevent a deeper sell-off.
- A bearish divergence on the RSI could lead to a slight pullback, as 1.3470 remains an important floor.
USDCAD crashing lower
The American dollar continues to lick its wounds after a freefall led the pair over 150 pips lower.
- After a tentative consolidation, a bounce off 1.3760 signals that buyers are trying to hold on.
- A retest and a breach of the major obstacle of 1.3800 would flush out some sellers and potentially extend prices towards 1.3880.
- A fall below 1.3760 would invalidate the rebound and send the pair towards 1.3700.
GER 40 remains pressured
The Dax continues its bearish stance even after a slight lift in price action.
- A close below the previous swing low of 26000 exposed more pressure to the index.
- Overall sentiment has remained downbeat despite a temporary upswing.
- 26300 becomes the latest resistance level to turn things around.
- On the downside, 25800 is a key support, with 25500 on the radar.
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