{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-maintains-its-medium-term-course\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-maintains-its-medium-term-course\/","headline":"USD\/CAD Maintains Its Medium-Term Course","name":"USD\/CAD Maintains Its Medium-Term Course","description":"Price action in the USD\/CAD market has held on to its slight upside course. The pair seems comfortable recording minimal profits, the pair only presents little gains to traders in this market. Nevertheless, Let us take a closer look at price movements in this market. Major Price Levels: Top Levels: 1.3600, 1.3630, and 1.3660 Floor […]","datePublished":"2023-03-02","dateModified":"2023-03-02","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\/11\/dollars.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/dollars.jpg","height":960,"width":1280},"url":"https:\/\/forexschoolonline.com\/usd-cad-maintains-its-medium-term-course\/","about":["Article","FX Technical Analysis","USD\/CAD"],"wordCount":299,"keywords":["Forex","Technical Analysis","USD\/CAD"],"articleBody":"Price action in the USD\/CAD market has held on to its slight upside course. The pair seems comfortable recording minimal profits, the pair only presents little gains to traders in this market. Nevertheless, Let us take a closer look at price movements in this market.Major Price Levels:Top Levels: 1.3600, 1.3630, and 1.3660Floor Levels: 1.3582, 1.3552, and 1.3522USD\/CAD Price Remains Above a Crucial Support LevelOn the daily USD\/CAD market, price activities continue to occur with a slightly upward-sloping price channel. Price action in this market started trading in this direction around late January, and this pattern has been held onto till now. The last red price candle remains above both the 9- and 21-day Exponential Moving Average curves. Consequently, this hints at the possibility that the pair’s price may at least maintain this trading pattern. Nevertheless, the curves of the Stochastic RSI indicator have taken a downward bearing in the overbought region. However, price action is still above an important price level at 1.3550, but if downward forces grow stronger, price action may break this level.USD\/CAD Seems Ready to Retrace Higher Price LevelOn the 4-hour USD\/CAD market, there are indications that this pair may keep moving upwards. It could be seen that the current price of USD\/CAD now lies at the same level as the 9-day EMA line. Consequently, this implies that the pair’s price remains above the 21-day EMA lines too. Meanwhile, the RSI curves are now in the oversold region and have given a crossover there. Therefore, this implies that price action may develop some upside momentum from this point. As a result, traders can set their target above the 1.3615 price mark.Do you want to take your trading to the next level? Join the best platform for that here."}