{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-regains-bullish-momentum-targets-the-high-of-1-2933\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-regains-bullish-momentum-targets-the-high-of-1-2933\/","headline":"USD\/CAD Regains Bullish Momentum, Targets the High of 1.2933","name":"USD\/CAD Regains Bullish Momentum, Targets the High of 1.2933","description":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an uptrend as it targets the high of 1.2933. The currency pair was earlier in a downward correction as price rebounded above level 1.2458. Yesterday, the pair rose above level 1.2458 as the market reached a high of 1.2726. Further upward movement of the pair is likely. Meanwhile, on […]","datePublished":"2022-04-23","dateModified":"2022-04-23","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\/04\/USDCADDaily-Chart-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/04\/USDCADDaily-Chart-2.png","height":536,"width":1052},"url":"https:\/\/forexschoolonline.com\/usd-cad-regains-bullish-momentum-targets-the-high-of-1-2933\/","about":["Price Action Charts in Focus","USD\/CAD"],"wordCount":277,"articleBody":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an uptrend as it targets the high of 1.2933. The currency pair was earlier in a downward correction as price rebounded above level 1.2458. Yesterday, the pair rose above level 1.2458 as the market reached a high of 1.2726. Further upward movement of the pair is likely. Meanwhile, on April 12 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that USD\/CAD will rise to level 2.0 Fibonacci extension or 1.2933. From the price action, the market has reached the high of level 1.2716.USD\/CAD Indicator Analysis USD\/CAD is at level 59 of the Relative Strength Index for period 14. The pair is trading in the uptrend zone as it continues to reach the previous high. The 21-day line and the 50-day line moving averages are sloping horizontally indicating a sideways move. The currency price bars are above the moving averages indicating a further upward movement of the pair. USD\/CAD is above the 80% range of the daily stochastic. The pair has reached the overbought region.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 has resumed its uptrend as it targets the high of 1.2933. The pair is trading in the bullish trend zone. There is a likelihood of a further upward movement of the pair. The currency pair will revisit the previous high of level 1.2901 if the current bullish momentum is sustained.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"}