{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-is-stuck-below-level-1-2800-unable-to-break-recent-high\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-is-stuck-below-level-1-2800-unable-to-break-recent-high\/","headline":"USD\/CAD Is Stuck below Level 1.2800, Unable to Break Recent High","name":"USD\/CAD Is Stuck below Level 1.2800, Unable to Break Recent High","description":"USD\/CAD Long-Term Analysis: Ranging In January, USD\/CAD was in a brief uptrend but unable to break recent high. On January 28, the uptrend was terminated as the currency pair was compelled to a sideways move. Presently, USD\/CAD is fluctuating between 1.2650 and 1.2800 price levels. For the past three weeks, the pair has been fluctuating […]","datePublished":"2022-02-19","dateModified":"2022-02-19","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-Chart0.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/02\/USDCADDaily-Chart0.png","height":539,"width":1052},"url":"https:\/\/forexschoolonline.com\/usd-cad-is-stuck-below-level-1-2800-unable-to-break-recent-high\/","about":["Price Action Charts in Focus","USD\/CAD"],"wordCount":262,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: Ranging In January, USD\/CAD was in a brief uptrend but unable to break recent high. On January 28, the uptrend was terminated as the currency pair was compelled to a sideways move. Presently, USD\/CAD is fluctuating between 1.2650 and 1.2800 price levels. For the past three weeks, the pair has been fluctuating in a narrow range between the price range. On the upside, if the bulls break the resistance at level 1.2800, the market will revisit the high of level 1.3000. On the downside, if the bears break below level 1.2650, the market will decline to level 1.2450. USD\/CAD Indicator Analysis USD\/CAD is at level 52 of the Relative Strength Index period 14. The market is still in the uptrend zone and capable of a further upward move. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. The pair is above the 50% range of the daily stochastic. The market is in a bullish momentum but the momentum is unstable.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 unable to break recent high. For the past three weeks, the currency pair has been confined between 1.2650 and 1.2800 price levels. The currency pair will trend when the range-bound levels are breached.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"}