{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-continues-to-consolidates-between-levels-1-2020-and-1-2200\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-continues-to-consolidates-between-levels-1-2020-and-1-2200\/","headline":"USD\/CAD Continues to Consolidate between Levels 1.2020 and 1.2200","name":"USD\/CAD Continues to Consolidate between Levels 1.2020 and 1.2200","description":"USD\/CAD Long-Term Analysis: RangingUSD\/CAD is in a range-bound move. The currency pair is fluctuating above level 1.20200. The price action is characterized by small body indecisive candlesticks. The currency pair fluctuates between levels 1.2020 and 1.2200. The currency pair will trend if these range-bound levels are breached. The uptrend will resume if price breaks\u00a0 and […]","datePublished":"2021-06-08","dateModified":"2021-06-08","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\/2021\/06\/USDCAD-FOREX-SCH.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/USDCAD-FOREX-SCH.png","height":602,"width":987},"url":"https:\/\/forexschoolonline.com\/usd-cad-continues-to-consolidates-between-levels-1-2020-and-1-2200\/","about":["Price Action Charts in Focus","USD\/CAD"],"wordCount":235,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: RangingUSD\/CAD is in a range-bound move. The currency pair is fluctuating above level 1.20200. The price action is characterized by small body indecisive candlesticks. The currency pair fluctuates between levels 1.2020 and 1.2200. The currency pair will trend if these range-bound levels are breached. The uptrend will resume if price breaks\u00a0 and closes above the resistance line of the horizontal channel. The downtrend will resume if price breaks\u00a0 and closes below the support line of the horizontal channel.USD\/CAD Indicator Analysis USD\/CAD is at level 42 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend. The 21-day SMA is acting as resistance to the currency pair.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?USD\/CAD is in a range-bound move. The currency pair is yet to trend. The pair is still fluctuating between levels 1.2020 and 1.2200. The current consolidation is near the support line of the horizontal channel. The currency pair may break down at the support line of the horizontal channel.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"}