{"id":102724,"date":"2020-08-03T12:19:58","date_gmt":"2020-08-03T16:19:58","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102724"},"modified":"2020-08-04T11:29:05","modified_gmt":"2020-08-04T15:29:05","slug":"can-usd-cad-break-the-bear-hug","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/can-usd-cad-break-the-bear-hug\/","title":{"rendered":"Can USD\/CAD Break The Bear-Hug?"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">USD\/CAD trying to cross above downtrend line from March high<\/span><\/li>\n<li><span style=\"font-weight: 400\">Successful break need further confirmation &#8211; close above 200-day resistance<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">USD\/CAD was successfully defending the support of June low after we last looked at it breaking out of a range and moving successfully away from the 200-day MA. Now, it is attempting to break above the March-high trendline.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The currency pair hasn&#8217;t moved above the trendline yet; if it does, we will be witnessing a trend change or at least a robust corrective move. A successful break will bring a pivotal spot around 13500\/25 into play, an area which had earlier acted as significant support.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But, to really get the USD\/CAD into the bull territory, we need to see a break above the March trendline and above the 200-day resistance will be required. Robust price action above the opposition will put bulls in real control and send bears packing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the contrary, if the March trendline or 13500 holds steady as resistance, then we should look for June low at 13315. A break below 13315 pushes an important trendline from 2017- at 13190 into the test. It is a significant level as it connects the lows of 2018 and 2019.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD trying to cross above downtrend line from March high Successful break need further confirmation &#8211; close above 200-day resistance USD\/CAD was successfully defending the support of June low after we last looked at it breaking out of a range and moving successfully away from the 200-day MA. Now, it is attempting to break above [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":82272,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[],"class_list":{"0":"post-102724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can USD\/CAD Break The Bear-Hug? - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/can-usd-cad-break-the-bear-hug\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Can USD\\\/CAD Break The Bear-Hug?\",\"datePublished\":\"2020-08-03T16:19:58+00:00\",\"dateModified\":\"2020-08-04T15:29:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-CAD-Loonie-Consolidation-Phase-Following-2-Days-Gains.jpg\",\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/can-usd-cad-break-the-bear-hug\\\/\",\"name\":\"Can USD\\\/CAD Break The Bear-Hug? 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