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Market Overview
The CAD/QAR pair closed at 2.67614 on January 28, 2026, reflecting a slight decline of 0.03% from the previous close, consistent with the ongoing downtrend observed over the past month. Despite a modest 0.54% gain over 30 days, the pair remains pressured near its 20-day SMA at 2.67687, with the 5-day SMA at 2.67542 and the 50-day and 200-day SMAs not provided. The RSI indicates subdued momentum, while support is near 2.66035 and resistance around 2.68406. No major economic events are scheduled imminently, but market participants should monitor US Federal Reserve policies due to their indirect impact on the QAR peg. Technical indicators confirm bearish momentum with lower highs and lows. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.