{"id":271796,"date":"2024-03-26T16:23:20","date_gmt":"2024-03-26T10:53:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=271796"},"modified":"2024-03-26T16:23:20","modified_gmt":"2024-03-26T10:53:20","slug":"usd-cad-price-analysis-moving-lower-within-channel-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-cad-price-analysis-moving-lower-within-channel-crypto-news\/","title":{"rendered":"USD\/CAD Price Analysis: Moving lower within channel &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/CAD is moving lower within an ascending channel after almost touching the highs.\u00a0<\/strong><\/li>\n<li><strong>The MACD has crossed its signal line, giving a sell signal.\u00a0<\/strong><\/li>\n<li><strong>Heavy support lies at 1.3500 from a confluence of major moving averages.\u00a0<\/strong><strong \/><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdcad\" data-fxs-autoanchor=\"\">USD\/CAD<\/a> is in a steady short-term uptrend, with the exchange rate rising within an ascending channel.\u00a0<\/p>\n<p>The pair recently reached the vicinity of the upper borderline of the channel before rolling over and beginning a decline. Its descent continues.\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_CAD_2024-03-26_11-03-54-638470461166915769.png\"><\/a><\/p>\n<p><small>US Dollar to Canadian Dollar: 4-hour chart<\/small><\/p>\n<p>The reversal lower is supported by a bearish crossover of the Moving Average Convergence\/ Divergence (MACD) indicator, providing a corresponding sell signal (circled). The MACD is especially reliable at marking turns within a range or channeling market environment.\u00a0<\/p>\n<p>Despite the strength of the latest up leg and the overall bullish bias, price is moving lower as bears take over.\u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_CAD_2024-03-26_11-14-11-638470461809713763.png\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_CAD_2024-03-26_11-14-11-638470461809713763.png\" style=\"width: 800px;height: 506px\" \/><\/a><\/p>\n<p><small>US Dollar to Canadian Dollar: Daily chart<\/small><\/p>\n<p>It is quite possible USD\/CAD will continue falling to a confluence of two major moving averages \u2013 the 50-day and 100-day Simple Moving Averages (SMA) situated at around 1.3500.\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD is moving lower within an ascending channel after almost touching the highs.\u00a0 The MACD has crossed its signal line, giving a sell signal.\u00a0 Heavy support lies at 1.3500 from a confluence of major moving averages.\u00a0 USD\/CAD is in a steady short-term uptrend, with the exchange rate rising within an ascending channel.\u00a0 The pair recently [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,308,498,256,254],"class_list":["post-271796","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-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\/271796","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=271796"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/271796\/revisions"}],"predecessor-version":[{"id":271798,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/271796\/revisions\/271798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5162"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=271796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=271796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=271796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}