{"id":109378,"date":"2017-07-21T07:06:59","date_gmt":"2017-07-21T11:06:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=109378"},"modified":"2017-07-21T07:06:59","modified_gmt":"2017-07-21T11:06:59","slug":"usdcad-remains-in-the-downtrend-from-1-3347","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/usdcad-remains-in-the-downtrend-from-1-3347\/","title":{"rendered":"USDCAD remains in the downtrend from 1.3347"},"content":{"rendered":"<div id=\"inves-2807394017\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 21, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test <a href=\"http:\/\/www.forexcycle.com\/special-focus\/113034-usdcad-facing-important-support-at-1-2460.html\">1.2460 (May 2016 low) support<\/a> is still possible. Key resistance is at 1.2640, only a break of this level will indicate that the downtrend had completed at 1.2540 already, then the following correction rebound could bring price into 1.2850 zone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-113100\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170721_USDCAD_1.png\" alt=\"USDCAD 4-hour chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\" rel=\"noopener\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test 1.2460 (May 2016 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-109378","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=109378"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109378\/revisions"}],"predecessor-version":[{"id":109391,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109378\/revisions\/109391"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=109378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=109378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=109378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}