{"id":98698,"date":"2016-11-25T07:58:15","date_gmt":"2016-11-25T12:58:15","guid":{"rendered":"http:\/\/countingpips.com\/?p=98698"},"modified":"2016-11-25T07:58:15","modified_gmt":"2016-11-25T12:58:15","slug":"usdcad-range-play-with-a-chance-of-breakout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/usdcad-range-play-with-a-chance-of-breakout\/","title":{"rendered":"USD\/CAD Range play with a chance of breakout"},"content":{"rendered":"
November 25, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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Following Trump’s Presidential victory the USD has continued from strength to strength as US Treasury Yields have increased in the past month. It appears that profit taking is occurring on the USD at present. CAD has bounced following an Oil price bounce following conjecture that OPEC will cut oil production in next week’s meeting.<\/p>\n

Technically USD\/CAD is ranging between L3 H3 pivots, strictly defined with camarilla so we need to pay attention to possible breakouts. We see 2 X cross. Above 1.3505 we could see 1.3525 and 1.3550. Below 1.3452, 1.3420 is possible. Friday is a profit taking day so we might see a breakout.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: USD\/CAD Range play with a chance of breakout<\/a><\/p>

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Following Trump’s Presidential victory the USD has continued from strength to strength as US Treasury Yields have increased in the past month. It appears that profit taking is occurring on the USD at present. CAD has bounced following an Oil price bounce following conjecture that OPEC will cut oil production in next […]<\/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-98698","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98698","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=98698"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98698\/revisions"}],"predecessor-version":[{"id":98699,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98698\/revisions\/98699"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=98698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=98698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=98698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}