{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-brief-uptrend-unable-to-sustain-above-level-1-2800\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-brief-uptrend-unable-to-sustain-above-level-1-2800\/","headline":"USD\/CAD Is in a Brief Uptrend, Unable To Sustain Above Level 1.2800","name":"USD\/CAD Is in a Brief Uptrend, Unable To Sustain Above Level 1.2800","description":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an upward move. In the first uptrend, the pair rallied to level 1.2800 and was repelled. The currency pair retraced to 1.2525 low and corrected upward. The upward correction was terminated as the pair dropped again to the low of 1.2430. USD\/CAD has resumed a fresh uptrend at the […]","datePublished":"2021-08-13","dateModified":"2021-08-13","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\/08\/USDCAD-FOREX-SCH-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/USDCAD-FOREX-SCH-1.png","height":554,"width":993},"url":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-brief-uptrend-unable-to-sustain-above-level-1-2800\/","about":["USD\/CAD"],"wordCount":261,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an upward move. In the first uptrend, the pair rallied to level 1.2800 and was repelled. The currency pair retraced to 1.2525 low and corrected upward. The upward correction was terminated as the pair dropped again to the low of 1.2430. USD\/CAD has resumed a fresh uptrend at the low of level 1.2442. Meanwhile, on August 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that USD\/CAD will rise to level 2.0 Fibonacci extension or level 1.2726. USD\/CAD Indicator Analysis The currency pair has risen to level 52 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone and above the center 50. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The pair is also above the 25% range of the daily stochastic. The market is in a bullish 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?USD\/CAD has resumed a fresh uptrend. On the 4\u2013 hour chart, the upward move is facing resistance at the high of 1.2570. The pair will resume an uptrend if the initial resistance is breached.Meanwhile, on August 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that USD\/CAD will rise to level 2.0 Fibonacci extension or level 1.2725.USD\/CAD \u2013 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"}