{"id":102761,"date":"2020-08-04T07:38:23","date_gmt":"2020-08-04T11:38:23","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102761"},"modified":"2020-08-04T07:43:14","modified_gmt":"2020-08-04T11:43:14","slug":"103766-usd-cad-skids-below-1-3400-bears-in-command","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103766-usd-cad-skids-below-1-3400-bears-in-command\/","title":{"rendered":"USD\/CAD Skids below 1.3400, Bears in Command"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The US dollar is trading weak against the loonie in today&#8217;s trading, after trying to stay above 1.3400 in Asian trading.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Now, bears are trying to push it down to 1.3350 levels; supported by the across-the-market weakness in the US dollar after the latest ISM data pointed out dwindling manufacturing-sector employment numbers and reports emerged about slow progress in the US fiscal-aid talks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Canadian dollar showed strength as it tracked other commodity-focused currencies despite the WTI oil price moving below 41 dollars. The pair will now seek fresh ammunition from the US Factory Orders and Canadian Markit Manufacturing PMI data.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The technical picture of USD\/CAD suggests further downside from here, at least in the short-term; the pair has formed a bear flag breakdown on the hourly sticks, along with bearish RSI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The psychologically important 1.3350 levels will be under test soon if bears continue to hold their grip. Bulls can attempt a recovery if the pair breaks the downward-sloping 21-hourly Simple Moving Average (SMA) at 1.3401.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar is trading weak against the loonie in today&#8217;s trading, after trying to stay above 1.3400 in Asian trading. Now, bears are trying to push it down to 1.3350 levels; supported by the across-the-market weakness in the US dollar after the latest ISM data pointed out dwindling manufacturing-sector employment numbers and reports emerged [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":98360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[],"class_list":{"0":"post-102761","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>USD\/CAD Skids below 1.3400, Bears in Command - 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\/103766-usd-cad-skids-below-1-3400-bears-in-command\/\" \/>\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\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/CAD Skids below 1.3400, Bears in Command\",\"datePublished\":\"2020-08-04T11:38:23+00:00\",\"dateModified\":\"2020-08-04T11:43:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/\"},\"wordCount\":169,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/shutterstock_107037002-scaled.jpg\",\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103766-usd-cad-skids-below-1-3400-bears-in-command\\\/\",\"name\":\"USD\\\/CAD Skids below 1.3400, Bears in Command - 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