{"id":109597,"date":"2017-07-25T07:34:22","date_gmt":"2017-07-25T11:34:22","guid":{"rendered":"http:\/\/countingpips.com\/?p=109597"},"modified":"2017-07-25T07:34:22","modified_gmt":"2017-07-25T11:34:22","slug":"usdcads-bearish-movement-extended-to-1-2483","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/usdcads-bearish-movement-extended-to-1-2483\/","title":{"rendered":"USDCAD\u2019s bearish movement extended to 1.2483"},"content":{"rendered":"<div id=\"inves-1650880169\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 25, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDCAD\u2019s bearish movement from 1.3347 extended to as low as 1.2483, <a href=\"http:\/\/www.forexcycle.com\/special-focus\/113034-usdcad-facing-important-support-at-1-2460.html\">facing the import support at 1.2460<\/a> (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance is at 1.2608, only a break above this level will indicate that the downtrend had completed at 1.2483 already, then the following correction rebound could bring price into 1.2800 zone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-113190\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170725_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\u2019s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance is at 1.2608, only a [&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-109597","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109597","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=109597"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109597\/revisions"}],"predecessor-version":[{"id":109609,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109597\/revisions\/109609"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=109597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=109597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=109597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}