{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cd-consolidates-above1-2800-as-it-targets-1-3400-high\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cd-consolidates-above1-2800-as-it-targets-1-3400-high\/","headline":"USD\/CD Consolidates above1.2800 as It Targets 1.3400 High","name":"USD\/CD Consolidates above1.2800 as It Targets 1.3400 High","description":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD is trading in the bullish trend zone as it targets 1.3400 high. On June 17 uptrend, the upward move got stuck at level 1.3078, compelling the pair to resume the sideways trend. On the upside, if the bulls break the overhead resistance, the market will rally to level 1.3431. On the […]","datePublished":"2022-07-03","dateModified":"2022-07-03","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\/07\/USDCAD-Daily-Chart.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/07\/USDCAD-Daily-Chart.png","height":536,"width":1049},"url":"https:\/\/forexschoolonline.com\/usd-cd-consolidates-above1-2800-as-it-targets-1-3400-high\/","about":["FX Technical Analysis","Price Action Charts in Focus","USD\/CAD"],"wordCount":248,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD is trading in the bullish trend zone as it targets 1.3400 high. On June 17 uptrend, the upward move got stuck at level 1.3078, compelling the pair to resume the sideways trend. On the upside, if the bulls break the overhead resistance, the market will rally to level 1.3431. On the other hand, if the bears break below the moving averages, the currency pair will decline to level\u00a0 1.2523 low.USD\/CAD Indicator Analysis USD\/CAD has risen to level 52 of the Relative Strength Index for period 14. The currency pair is trading in the bullish trend zone as it consolidates above the moving averages. The price bars are above the moving averages indicating a further rise of the pair.USD\/CAD is below the 20% range of the daily stochastic. The market has reached the oversold region. Buyers will emerge in the oversold region to push the pair upward.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 is in an uptrend as as it targets 1.3400 high. The bulls are battling to break above the overhead resistance at 13078. In the meantime, the currency price is consolidating above level 1.2800. A price rebound will catapult the pair to resume upside momentum.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"}