{"id":31783,"date":"2012-08-21T23:04:47","date_gmt":"2012-08-22T03:04:47","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/usdcad-rebounds-from-0-9842\/"},"modified":"2012-08-21T23:04:47","modified_gmt":"2012-08-22T03:04:47","slug":"usdcad-rebounds-from-0-9842","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/21\/usdcad-rebounds-from-0-9842\/","title":{"rendered":"USDCAD rebounds from 0.9842"},"content":{"rendered":"<p>Being contained by 0.9799 (Apr 27 low) support, USDCAD rebounds from 0.9842, suggesting that a cycle bottom has been formed on 4-hour chart. Further rally could be expected over the next several days, and the target would be at 0.9950-1.0000 area. However, the rise from 0.9842 is treated as consolidation of the longer term downtrend from 1.0445 (Jun 4 high), another fall towards 0.9600 is still possible after consolidation, and a breakdown below 0.9842 could signal resumption of the downtrend.<\/p>\n<p><img decoding=\"async\" alt=\"usdcad\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2012\/08\/20120822_usdcad_1.gif\" align=\"none\"><\/p>\n<p><a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">Daily Forex Forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being contained by 0.9799 (Apr 27 low) support, USDCAD rebounds from 0.9842, suggesting that a cycle bottom has been formed on 4-hour chart. Further rally could be expected over the next several days, and the target would be at 0.9950-1.0000 area. However, the rise from 0.9842 is treated as consolidation of the longer term downtrend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/21\/usdcad-rebounds-from-0-9842\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDCAD rebounds from 0.9842&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-31783","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=31783"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31783\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}