{"id":34551,"date":"2012-12-18T20:42:24","date_gmt":"2012-12-19T01:42:24","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/12\/usdcad-remains-in-downtrend-from-1-0055-2\/"},"modified":"2012-12-18T20:42:24","modified_gmt":"2012-12-19T01:42:24","slug":"usdcad-remains-in-downtrend-from-1-0055-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/18\/usdcad-remains-in-downtrend-from-1-0055-2\/","title":{"rendered":"USDCAD remains in downtrend from 1.0055"},"content":{"rendered":"<p>USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 0.9700 is still possible. On the upside, a clear break above the channel resistance will suggest that lengthier consolidation of the downtrend is underway, then further rally to 0.9920 area could be seen.<\/p>\n<p><img decoding=\"async\" alt=\"usdcad\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2012\/12\/20121219_usdcad_1.gif\" align=\"none\"><\/p>\n<p><a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">Forex Signals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 0.9700 is still possible. On the upside, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/18\/usdcad-remains-in-downtrend-from-1-0055-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDCAD remains in downtrend from 1.0055&#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-34551","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34551","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=34551"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}