{"id":277962,"date":"2024-04-05T13:59:55","date_gmt":"2024-04-05T08:29:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=277962"},"modified":"2024-04-05T13:59:55","modified_gmt":"2024-04-05T08:29:55","slug":"advances-to-near-1-3560-followed-by-weekly-high-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/advances-to-near-1-3560-followed-by-weekly-high-crypto-news\/","title":{"rendered":"Advances to near 1.3560 followed by weekly high &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/CAD may find an immediate resistance area around the weekly high of 1.3588 and psychological level of 1.3600.<\/strong><\/li>\n<li><strong>A break above March\u2019s high of 1.3614 could lead the pair to meet the major barrier of 1.3650.<\/strong><\/li>\n<li><strong>The immediate support appears at 1.3550, followed by the 50-day EMA at 1.3522.<\/strong><\/li>\n<\/ul>\n<p>USD\/CAD extends its gains for the second consecutive session, trading higher around 1.3560 during the European session on Friday. The immediate barrier appears at a weekly high of 1.3588, followed by the psychological resistance at 1.3600 level.<\/p>\n<p>A breakthrough above the psychological mark could prompt <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdcad\" data-fxs-autoanchor=\"\">the USD\/CAD pair<\/a> to test March\u2019s high of 1.3614 to approach the major barrier at the 1.3650 level.<\/p>\n<p>The 14-day Relative Strength Index (RSI) is positioned above 50, suggesting bullish momentum. However, the Moving Average Convergence Divergence (MACD) suggests a tepid momentum.<\/p>\n<p>The MACD line is above the centerline, indicating bullish momentum, but there is divergence below the signal line. Traders may await confirmation from the MACD, a lagging indicator, to determine the direction of the trend.<\/p>\n<p>On the downside, the USD\/CAD pair could find immediate support at 1.3550, followed by the 50-day Exponential Moving Average (EMA) at 1.3522 and the 23.6% Fibonacci retracement level of 1.3511.<\/p>\n<p>A break below the latter could exert downward pressure on the USD\/CAD pair to surpass the psychological level of 1.3500 to retest the weekly low at\u00a01.3477 level.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CAD: Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_CAD_2024-04-05_13-46-00-638479017566032429.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD may find an immediate resistance area around the weekly high of 1.3588 and psychological level of 1.3600. A break above March\u2019s high of 1.3614 could lead the pair to meet the major barrier of 1.3650. The immediate support appears at 1.3550, followed by the 50-day EMA at 1.3522. USD\/CAD extends its gains for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10047,"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-277962","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\/277962","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=277962"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/277962\/revisions"}],"predecessor-version":[{"id":277963,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/277962\/revisions\/277963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10047"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=277962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=277962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=277962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}