{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-consolidates-above-level-1-2600-faces-rejection-at-level-1-2800\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-consolidates-above-level-1-2600-faces-rejection-at-level-1-2800\/","headline":"USD\/CAD Consolidates above 1.2600, Faces Rejection at Level 1.2800","name":"USD\/CAD Consolidates above 1.2600, Faces Rejection at Level 1.2800","description":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD has been consolidating above the moving averages but faces rejection at level 1.2800 . The upward move has been hampered at level 1.2900. In the previous price action, on December 20, 2021, the pair was repelled at the resistance of\u00a0 level 1.2900. The pair declined to the low of 1.2495. The […]","datePublished":"2022-02-25","dateModified":"2022-02-25","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/USDCADDaily-Chart-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/USDCADDaily-Chart-1.png","height":539,"width":1052},"url":"https:\/\/forexschoolonline.com\/usd-cad-consolidates-above-level-1-2600-faces-rejection-at-level-1-2800\/","about":["FX Technical Analysis","USD\/CAD"],"wordCount":256,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD has been consolidating above the moving averages but faces rejection at level 1.2800 . The upward move has been hampered at level 1.2900. In the previous price action, on December 20, 2021, the pair was repelled at the resistance of\u00a0 level 1.2900. The pair declined to the low of 1.2495. The upward move will resume if the resistance level is breached. On January 28 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extension or level 1.30042.USD\/CAD Indicator Analysis USD\/CAD is at level 60 of the Relative Strength Index period 14. The pair is in the uptrend zone and capable of a further upward move. However, the uptrend has been hampered at level 1.2900. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. The pair is below the 50% range of the daily stochastic. The market is in bearish momentum.USD\/CAD – Daily ChartTechnical indicators: Major Resistance Levels \u2013 1.3300, 1.3400, 1.3500Major Support Levels \u2013 1.2300, 1.2200, 1.2100What Is the Next Direction for USD\/CAD?On the 4-hour chart, USD\/CAD is in a range-bound move but faces rejection at level 1.2800 . The pair is fluctuating between levels 1.2650 and 1.2800. On February 24, buyers pushed the pair above the resistance level but could not sustain the bullish momentum. USD\/CAD has resumed a sideways move.USD\/CAD – 4 Hour ChartNote: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}