{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdcad-bust-through-support\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdcad-bust-through-support\/","headline":"USDCAD Bust Through Support","name":"USDCAD Bust Through Support","description":"The USDCAD moved lower during yesterdays session and has now closed below a key support area. Price closing below this area is a\u00a0significant\u00a0event for traders to take note of. Price now has a much clearer path down to the next support area, rather than back through the resistance that is over head. If price does […]","datePublished":"2012-07-04","dateModified":"2019-08-04","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:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/07\/uscdad-da.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/07\/uscdad-da.png","height":"239","width":"589"},"url":"https:\/\/forexschoolonline.com\/usdcad-bust-through-support\/","about":["Price Action Charts in Focus"],"wordCount":88,"articleBody":"The USDCAD moved lower during yesterdays session and has now closed below a key support area. Price closing below this area is a\u00a0significant\u00a0event for traders to take note of.Price now has a much clearer path down to the next support area, rather than back through the resistance that is over head. If price does move higher traders could look for potential bearish Price Action to get short at resistance.Major support for this pair comes in around 1.0500. USDCAD DAILY CHART USDCAD 4HR CHART"}