{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-fresh-uptrend-as-it-targets-the-high-of-1-3119\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-fresh-uptrend-as-it-targets-the-high-of-1-3119\/","headline":"USD\/CAD Is in a Fresh Uptrend as It Targets the High of 1.3119","name":"USD\/CAD Is in a Fresh Uptrend as It Targets the High of 1.3119","description":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD is in an uptrend as it targets the high of 1.3119. The currency pair is trading above the moving averages. The bulls are attempting to break the resistance at level 1.3048. On May 13, USD\/CAD was repelled at the resistance of level 1.3048. Today, the pair has risen to the high […]","datePublished":"2022-06-20","dateModified":"2022-06-20","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\/06\/USDCADDaily-CHart-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/06\/USDCADDaily-CHart-1.png","height":536,"width":1048},"url":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-fresh-uptrend-as-it-targets-the-high-of-1-3119\/","about":["Price Action Charts in Focus","USD\/CAD"],"wordCount":254,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD is in an uptrend as it targets the high of 1.3119. The currency pair is trading above the moving averages. The bulls are attempting to break the resistance at level 1.3048. On May 13, USD\/CAD was repelled at the resistance of level 1.3048. Today, the pair has risen to the high of level 1.3025. On June 14 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement. The retracement suggests that WTI will rise to level 1.272 Fibonacci extension or level 1.3119.USD\/CAD Indicator Analysis USD\/CAD has risen to level 65 of the Relative Strength Index for period 14. The currency pair is trading in the bullish trend zone as it targets the high of level 1.3119. The price bars are above the 50-day line SMA and the 21-day line SMA indicating a further upward movement of the pair. USD\/CAD is above the 80% range of the daily stochastic. The market has reached the overbought region. The pair is reaching bullish exhaustion.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 an upward move as it targets the high of 1.3119 . The pair has reached the overbought region of the market. The current uptrend will soon reach bullish exhaustion. The pair will rise and reverse at level 1.3119.USD\/CAD – Daily 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"}