{"id":110201,"date":"2017-08-03T07:31:37","date_gmt":"2017-08-03T11:31:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=110201"},"modified":"2017-08-03T07:31:37","modified_gmt":"2017-08-03T11:31:37","slug":"usdcad-broke-above-1-2575-resistance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/usdcad-broke-above-1-2575-resistance\/","title":{"rendered":"USDCAD broke above 1.2575 resistance"},"content":{"rendered":"<div id=\"inves-2656065785\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 3, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and <a href=\"http:\/\/www.forexcycle.com\/special-focus\/113433-usdcad-broke-below-1-2460-support.html\">next target would be at around 1.2690, followed by 1.2740<\/a>. However, the rally from 1.2413 would possibly be correction of the downtrend from 1.3793 (May 5 high), another fall towards 1.2000 is still possible after the correction, and a breakdown below 1.2413 support could signal resumption of the downtrend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-113440\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170803_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","protected":false},"excerpt":{"rendered":"<p>USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and next target would be at around 1.2690, followed by 1.2740. However, the rally from 1.2413 would possibly be correction of the downtrend from 1.3793 (May 5 high), another [&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-110201","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110201","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=110201"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110201\/revisions"}],"predecessor-version":[{"id":110211,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110201\/revisions\/110211"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}