{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-surges-ahead-as-it-reaches-the-high-of-level-1-3663\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-surges-ahead-as-it-reaches-the-high-of-level-1-3663\/","headline":"USD\/CAD Surges Ahead as It Reaches the High of Level 1.3663","name":"USD\/CAD Surges Ahead as It Reaches the High of Level 1.3663","description":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an uptrend as it reaches the high of level 1.3663. The currency price has been making a series higher highs and high lows as it rebounds to the overbought region of the market. The current uptrend has reached bullish exhaustion. Meanwhile, on the September 5 uptrend, a retraced candle […]","datePublished":"2022-09-25","dateModified":"2022-09-25","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\/09\/USDCAD_2022-weeky.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/USDCAD_2022-weeky.png","height":536,"width":1053},"url":"https:\/\/forexschoolonline.com\/usd-cad-surges-ahead-as-it-reaches-the-high-of-level-1-3663\/","about":["FX Technical Analysis","Price Action Charts in Focus","USD\/CAD"],"wordCount":300,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in an uptrend as it reaches the high of level 1.3663. The currency price has been making a series higher highs and high lows as it rebounds to the overbought region of the market. The current uptrend has reached bullish exhaustion. Meanwhile, on the September 5 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that USD\/CAD will rise to level 2.0 Fibonacci extension or level 1.3663. From the price action, the currency pair has risen to level 1.3588 at the time of writing.USD\/CAD Indicator Analysis USD\/CAD is at level 69 of the Relative Strength Index for period 14. The currency pair has reached the overbought region of the market. The uptrend is reaching bullish exhaustion as the market reaches the overbought region. The price bars are above the moving average lines which indicates further upward movement of the cryptocurrency. USD\/CAD is above the 80% range of the daily stochastic. The market has reached the overbought region. The 21-day line SMA and the 50-day SMA are sloping upward indicating an uptrend.USD\/CAD \u2013 Weekly Chart Technical 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, the currency pair is in uptrend as it reaches the high of level 1.3663. Meanwhile, on the September 22 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that USD\/CAD will rise to level 2.0 Fibonacci extension or level 1.3875. From the price action, the currency pair has risen to a level of 1.3590 at the time of writing.USD\/CAD \u2013 4 Hour Chart Note: 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"}