{"id":322568,"date":"2024-06-13T15:26:03","date_gmt":"2024-06-13T09:56:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=322568"},"modified":"2024-06-13T15:26:03","modified_gmt":"2024-06-13T09:56:03","slug":"rises-to-near-1-3750-nearing-lower-boundary-of-rising-channel-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/rises-to-near-1-3750-nearing-lower-boundary-of-rising-channel-crypto-news\/","title":{"rendered":"Rises to near 1.3750 nearing lower boundary of rising channel &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/CAD could test the lower boundary of the rising channel, potentially rebounding to re-enter the rising channel.<\/strong><\/li>\n<li><strong>A break below the 50 level on the 14-day RSI could indicate the emergence of a bearish bias.<\/strong><\/li>\n<li><strong>The pair may find immediate support at the psychological level of 1.3700 and the 21-day EMA of 1.3697 level.<\/strong><\/li>\n<\/ul>\n<p>USD\/CAD breaks its three-day losing streak, trading around 1.3730 during the European session on Thursday. Analysis of the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a> suggests a weakening bullish bias for the USD\/CAD pair, as it has broken below the rising channel pattern. However, the 14-day Relative Strength Index (RSI) is still positioned slightly above the 50 level. Further movement may give a clear directional indication.<\/p>\n<p>Additionally, the momentum indicator Moving Average Convergence Divergence (MACD) suggests a bullish trend for the pair as the MACD line is positioned above the centerline, it shows divergence above the signal line.<\/p>\n<p>The USD\/CAD pair may test the lower boundary of the rising channel around the level of 1.3760, followed by the key barrier at the psychological level of 1.3800. A return to the rising channel could reinforce the bullish bias and support the pair to explore the region April\u2019s high of 1.3846.<\/p>\n<p>A break above the latter could lead the USD\/CAD pair to approach the upper threshold of the rising channel around the level of 1.3870.<\/p>\n<p>On the downside, the USD\/CAD pair could find immediate support at the psychological level of 1.3700, aligned with the 21-day Exponential Moving Average (EMA) of 1.3697 level. A break below this level could exert pressure on the pair to navigate the region of the throwback support at 1.3590.<\/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\/image-638538670252736032.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD could test the lower boundary of the rising channel, potentially rebounding to re-enter the rising channel. A break below the 50 level on the 14-day RSI could indicate the emergence of a bearish bias. The pair may find immediate support at the psychological level of 1.3700 and the 21-day EMA of 1.3697 level. USD\/CAD [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9061,"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-322568","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\/322568","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=322568"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/322568\/revisions"}],"predecessor-version":[{"id":322571,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/322568\/revisions\/322571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9061"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=322568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=322568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=322568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}