{"id":20617,"date":"2011-04-11T21:29:24","date_gmt":"2011-04-12T01:29:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20617"},"modified":"2011-04-11T21:29:24","modified_gmt":"2011-04-12T01:29:24","slug":"usdcad-stays-below-a-downtrend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/11\/usdcad-stays-below-a-downtrend-line\/","title":{"rendered":"USDCAD stays below a downtrend line"},"content":{"rendered":"<p>USDCAD stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9826, and the price action from 0.9526 is treated as consolidation of downtrend. As long as the trend line resistance holds, we&rsquo;d expect downtrend to resume, and another fall towards 0.9400 is still possible. However, a clear break above the trend line resistance will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 0.9650 zone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2011\/04\/20110412_usdcad_1.gif\" alt=\"usdcad\" width=\"400\" height=\"300\" \/><\/p>\n<p><a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">Forex Signals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9826, and the price action from 0.9526 is treated as consolidation of downtrend. As long as the trend line resistance holds, we&rsquo;d expect downtrend to resume, and another fall towards 0.9400 is still possible. However, a clear break above the trend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/04\/11\/usdcad-stays-below-a-downtrend-line\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDCAD stays below a downtrend line&#8221;<\/span><\/a><\/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-20617","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20617","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=20617"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}