{"id":19743,"date":"2011-02-22T16:15:28","date_gmt":"2011-02-22T21:15:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19743"},"modified":"2011-02-22T16:15:28","modified_gmt":"2011-02-22T21:15:28","slug":"forex-us-dollar-gains-on-canadian-loonie-as-usdcad-trades-at-10-day-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/22\/forex-us-dollar-gains-on-canadian-loonie-as-usdcad-trades-at-10-day-high\/","title":{"rendered":"Forex: US Dollar gains on Canadian Loonie as USD\/CAD trades at 10-day high"},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>The US dollar has gained today on the Canadian loonie in forex trading as the USD\/CAD has traded at its highest level since February 11th. This currency pair has been trading in a fairly tight range since February 13th through February 21st with the top of the range being roughly 0.9900 and the bottom close to 0.9800.<\/p>\n<p>Today&#8217;s move may potentially position the pair to gain some upward momentum and break this persistent range in the coming days if the dollar can remain in favor.<\/p>\n<p>The USD\/CAD is currently trading around 0.9905 level and has ascended above the 20-day moving average (in red). Further upside movement may see resistance at the 23.6 Fibonacci level (on the down move from 1.0372 to 0.9862) and near this month&#8217;s high point at very close to parity level.<\/p>\n<p>On the downside, the 0.9850 level has been previously significant support while 0.9825\/00 has also provided support recently.<\/p>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/usdcad-feb22.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19744\" title=\"usdcad-feb22\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/usdcad-feb22.gif\" alt=\"\" width=\"590\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar has gained today on the Canadian loonie in forex trading as the USD\/CAD has traded at its highest level since February 11th. This currency pair has been trading in a fairly tight range&#8230;<\/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-19743","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19743"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}