{"id":1369,"date":"2021-06-15T12:01:41","date_gmt":"2021-06-15T15:01:41","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1369"},"modified":"2021-06-15T12:01:43","modified_gmt":"2021-06-15T15:01:43","slug":"usdcad-find-sellers-near-swing-area","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/15\/usdcad-find-sellers-near-swing-area\/","title":{"rendered":"USDCAD find sellers near swing area."},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Trades to the highest level since May 13<\/h4>\n\n\n\n<p>The USDCAD\u00a0moved up to its highest level since May 13 today. The high price reached\u00a01.2198 &#8211;\u00a0just short of the natural resistance at 1.2200.\u00a0 At the high, the pair was\u00a0also in a swing high area between 1.21927 and 1.22027 that\u00a0extended back to early May\u00a0(see green numbered circles). The inability to extend above that area give sellers\u00a0a reason to lean.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210615\/2021-06-15_7-24-29.jpg\" alt=\"Trades to the highest level since May 13\"\/><\/figure>\n\n\n\n<p>The&nbsp;price decline has now moved below the 50% retracement of the move down from the May high at 1.21785. That&nbsp;level is also near the high price from Friday&#8217;s trade at 1.21765. Stay below the 50% level would give sellers more confidence at the intraday high&nbsp;has been reached.<br>On a more bullish side, the price lows yesterday and again today did fall below a swing area between 1.2132 and 1.2144, but each decline failed. The price is also stayed away from its rising 100 hour moving average.<\/p>\n\n\n\n<p>Drilling to the five minute chart below, the correction move lower as stalled near the 38.2% retracement of the days trend like move higher. That&#8217;s encouraging for the buyers. The price also stalled just ahead of its rising 100 bar moving average at 1.21686. Stay above each of those levels keeps the buyers in play.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210615\/2021-06-15_7-36-34.jpg\" alt=\"USDCAD\"\/><\/figure>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-find-sellers-near-swing-area-20210615\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-find-sellers-near-swing-area-20210615\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/usdcad-find-sellers-near-swing-area-20210615<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trades to the highest level since May 13 The USDCAD\u00a0moved up to its highest level since May 13 today. The high price reached\u00a01.2198 &#8211;\u00a0just short of the natural resistance at 1.2200.\u00a0 At the high, the pair was\u00a0also in a swing high area between 1.21927 and 1.22027 that\u00a0extended back to early May\u00a0(see green numbered circles). The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1023,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1369","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\/1369","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=1369"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"predecessor-version":[{"id":1370,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1369\/revisions\/1370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1023"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}