{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-new-swing-higher\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-new-swing-higher\/","headline":"USD\/CAD New Swing Higher!","name":"USD\/CAD New Swing Higher!","description":"USD\/CAD dropped aggressively in the short term as the Dollar Index plunged as well. The pair has found support and now it tries to come back higher. DXY\u2019s rebound helps the greenback to appreciate versus its rivals. The USD bulls ignored the US Unemployment Claims poor data. Today, the US Flash Manufacturing PMI, Flash Services […]","datePublished":"2021-07-23","dateModified":"2021-07-23","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"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:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","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\/07\/usdcad.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/usdcad.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/usd-cad-new-swing-higher\/","about":["USD\/CAD"],"wordCount":174,"keywords":["Forex","Trade idea","Trade Setup","usdcad"],"articleBody":"USD\/CAD dropped aggressively in the short term as the Dollar Index plunged as well. The pair has found support and now it tries to come back higher.DXY\u2019s rebound helps the greenback to appreciate versus its rivals. The USD bulls ignored the US Unemployment Claims poor data. Today, the US Flash Manufacturing PMI, Flash Services PMI, and the Canadian retail sales data could be decisive for USD\/CAD.Technical Analysis!USD\/CAD dropped after failing to stay above the up channel’s upside line. Now it has found support on the weekly pivot point (1.2550) level. The downside movement was stopped by the immediate uptrend line.Technically, staying above it and making a new higher high could really announce a potential strong growth ahead.Only dropping below the uptrend line could signal a potential drop and could invalidate the bullish scenario. Note: ForexSchoolOnline 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."}