{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdcad-seems-to-be-accelerating-toward-the-1-3900-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdcad-seems-to-be-accelerating-toward-the-1-3900-mark\/","headline":"USDCAD Seems to Be Accelerating Toward the 1.3900 Mark","name":"USDCAD Seems to Be Accelerating Toward the 1.3900 Mark","description":"The USDCAD has gained momentum in today’s session, propelling the pair’s price action above the 1.3800 mark. At this point, the USDCAD might maintain this momentum until the week concludes if no contradictory fundamentals emerge. Key Price Levels: Resistance Levels: 1.3817, 1.3867, and 1.3900 Support Levels: 1.3800, 1.3750, and 1.3700 USDCAD Bulls Steadily Grow Stronger […]","datePublished":"2023-11-09","dateModified":"2023-11-09","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\/11\/USD22-e1669136055895.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/11\/USD22-e1669136055895.jpg","height":310,"width":464},"url":"https:\/\/forexschoolonline.com\/usdcad-seems-to-be-accelerating-toward-the-1-3900-mark\/","about":["Cryptocurrency","Forex","FX Technical Analysis","USD\/CAD"],"wordCount":244,"keywords":["Cryptocurrency","Forex","Technical Analysis"],"articleBody":"The USDCAD has gained momentum in today’s session, propelling the pair’s price action above the 1.3800 mark. At this point, the USDCAD might maintain this momentum until the week concludes if no contradictory fundamentals emerge.Key Price Levels:Resistance Levels: 1.3817, 1.3867, and 1.3900Support Levels: 1.3800, 1.3750, and 1.3700USDCAD Bulls Steadily Grow StrongerThe USDCAD daily market has gathered more momentum, steadily increasing the pair’s price through the 1.3800 resistance. Buyers seem to maintain a strong level of control, evident in the ongoing session with a minimal upper shadow and a more prominent lower one.Consequently, the pair continues to trade above the Guppy Multiple Moving Average (GMMA) lines. Additionally, the delivered bullish crossover in the overbought region is rising at an increasing pace, indicating that the bulls are gaining significant traction in this market.USDCAD May Have Found Support at the 1.3800 MarkThe ongoing session in the USDCAD 4-hour market appears to have discovered new support after breaking through the 1.3800 mark. The upper and lower Bollinger Bands are diverging due to the sustained upward momentum. Furthermore, the last price candle rests just above the 1.3800 mark, while the pair trades at 1.3815.Meanwhile, the Relative Strength Index (RSI) indicator lines have converged and are now trending sideways at the 100 mark, suggesting that the momentum is overextended but not yet ready to reverse. Hence, traders can still anticipate the 1.3900 mark shortly.Do you want to take your trading to the next level? Join the best platform for that here."}