{"id":172805,"date":"2023-10-12T14:27:03","date_gmt":"2023-10-12T08:57:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=172805"},"modified":"2023-10-12T14:27:03","modified_gmt":"2023-10-12T08:57:03","slug":"moves-sideways-near-the-1-3600-ahead-of-us-cpi-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/moves-sideways-near-the-1-3600-ahead-of-us-cpi-crypto-news\/","title":{"rendered":"Moves sideways near the 1.3600 ahead of US CPI &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CAD faces a key barrier at the 1.3600 psychological level.<\/strong><\/li>\n<li><strong>MACD indicator suggests a momentum shift towards a bearish trend.<\/strong><\/li>\n<li><strong>The weekly low at 1.3569 appears as the support following the 38.2% Fibonacci retracement.<\/strong><\/li>\n<\/ul>\n<p>USD\/CAD struggles to extend gains due to the improved Crude <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/energy\/oil\">oil prices<\/a>, trading around 1.3590 during the European session on Thursday. The pair is moving sideways\u00a0ahead of inflation data from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">United States<\/a> (US).<\/p>\n<p>The major level at 1.3600 acts as immediate resistance, aligning with the seven-day Exponential Moving Average (EMA) at 1.3608.<\/p>\n<p>A decisive break above the level could contribute to support for the pair to explore the area around the psychological level at 1.3650, followed by the weekly high at 1.3672 level.<\/p>\n<p>On the downside, the USD\/CAD pair could find support near the weekly low at 1.3569 lined up with a 1.3550 major level, followed by the 38.2% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\/fibonacci\">Fibonacci<\/a> retracement at 1.3520.<\/p>\n<p>The Moving Average Convergence Divergence (MACD) line lies above the centerline indicating that the short-term average is above the long-term average. However, a noteworthy development is observed as the line diverges below the signal line, signaling a potential shift in momentum toward a bearish trend.<\/p>\n<p>However, the USD\/CAD pair maintains a prevailing bullish momentum, underscoring a stronger bias. This is evidenced by the 14-day Relative Strength Index (RSI) holding above the 50 level.<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/CAD: Daily Chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638326974512963503.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CAD faces a key barrier at the 1.3600 psychological level. MACD indicator suggests a momentum shift towards a bearish trend. The weekly low at 1.3569 appears as the support following the 38.2% Fibonacci retracement. USD\/CAD struggles to extend gains due to the improved Crude oil prices, trading around 1.3590 during the European session on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,277,252,247,253,249,308,498,256,254],"class_list":["post-172805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=172805"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172805\/revisions"}],"predecessor-version":[{"id":172806,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172805\/revisions\/172806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11226"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}