{"id":1219,"date":"2021-05-27T11:37:11","date_gmt":"2021-05-27T14:37:11","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1219"},"modified":"2021-05-27T11:37:14","modified_gmt":"2021-05-27T14:37:14","slug":"usdcad-falls-below-moving-averages-as-buyers-in-the-loonie-return","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/27\/usdcad-falls-below-moving-averages-as-buyers-in-the-loonie-return\/","title":{"rendered":"USDCAD falls below moving averages as buyers in the loonie return."},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The high prices from last week stall the rally today<\/h2>\n\n\n\n<p>The USDCAD\u00a0rates the higher yesterday help by technicals that saw the price move above both its 100 and 200 hour moving averages (blue and green lines) and\u00a050% retracement of the move down from the May 13 high (at 1.21074). The\u00a0high price yesterday did stall against its falling 100 bar moving average on the 4-hour chart.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210527\/2021-05-27_6-48-58.jpg\" alt=\"The high prices from last week stall the rally today\"\/><\/figure>\n\n\n\n<p>Today, that\u00a0moving average was broken in\u00a0early Asian trading, but the high price for the day stall ahead of the highs from last week near 1.21437. The high price today reached 1.21412 and\u00a0rotated back lower.\u00a0 When the 100 bar MA on the 4-hour chart was re-broken &#8211; this time to the downside &#8211; the\u00a0buyers turned sellers and the last\u00a0five hours has seen a steady decline from the MA level.\u00a0\u00a0<\/p>\n\n\n\n<p><br>The\u00a0price of just did the back below the 100 and 200 hour moving averages at 1.20723 and\u00a01.20752\u00a0respectively.\u00a0 \u00a0The\u00a0price is trying to rebound back above that moving average level. Watch the 1.2085 level as\u00a0potential resistance.\u00a0 That is the\u00a038.2% retracement of the move down from May 13.\u00a0 It is\u00a0also near the highs from\u00a0Monday&#8217;s trade.\u00a0 \u00a0A move back above would\u00a0disappoint sellers on the break and should lead to more upside probing after the\u00a0fall.\u00a0<\/p>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-falls-below-moving-averages-as-buyers-in-the-loonie-return-20210527\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-falls-below-moving-averages-as-buyers-in-the-loonie-return-20210527\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-falls-below-moving-averages-as-buyers-in-the-loonie-return-20210527<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The high prices from last week stall the rally today The USDCAD\u00a0rates the higher yesterday help by technicals that saw the price move above both its 100 and 200 hour moving averages (blue and green lines) and\u00a050% retracement of the move down from the May 13 high (at 1.21074). The\u00a0high price yesterday did stall against [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1214,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1219","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1219"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1219\/revisions"}],"predecessor-version":[{"id":1220,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1219\/revisions\/1220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1214"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}