{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-move-battles-the-resistance-at-level-1-2800\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-move-battles-the-resistance-at-level-1-2800\/","headline":"USD\/CAD Is in a Sideways Move, Battles the Resistance at Level 1.2800","name":"USD\/CAD Is in a Sideways Move, Battles the Resistance at Level 1.2800","description":"USD\/CAD Long-Term Analysis: RangingUSD\/CAD pair has been in a sideways trend since July 19. For over four months, buyers are yet to breach the overhead resistance at level 1.2800. The currency pair would decline above the moving averages, each time the overhead resistance is retested. On December 3, the bulls retested the resistance at 1.2800. […]","datePublished":"2021-12-10","dateModified":"2021-12-10","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\/12\/USDCADDaily-Chart-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/12\/USDCADDaily-Chart-1.png","height":548,"width":1079},"url":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-move-battles-the-resistance-at-level-1-2800\/","about":["Price Action Charts in Focus","USD\/CAD"],"wordCount":265,"keywords":["gold","Technical Analysis","xauusd"],"articleBody":"USD\/CAD Long-Term Analysis: RangingUSD\/CAD pair has been in a sideways trend since July 19. For over four months, buyers are yet to breach the overhead resistance at level 1.2800. The currency pair would decline above the moving averages, each time the overhead resistance is retested. On December 3, the bulls retested the resistance at 1.2800. USD\/CAD fell to level 1.2600 low as bulls bought the dips. The pair is resuming a fresh uptrend to retest the overhead resistance. The 1.2800 price level is an overbought region of the market.USD\/CAD Indicator Analysis The currency pair is at level 55 of the Relative Strength Index for period 14. It indicates that the pair is in the uptrend zone and capable of a further upward move. The currency price bars are above the moving averages which indicate a possible rise of the pair. USD\/CAD is above the 80% range of the daily stochastic. The currency pair has reached an overbought region and there is a possibility of downward movement of prices.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 recovering after the recent downtrend. The pair rebounded above level 1.2620 to resume an upward move. The current uptrend has reached an overbought region of the market. The pair is likely to face rejection at the recent high.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"}