{"id":12346,"date":"2021-07-22T12:42:00","date_gmt":"2021-07-22T11:42:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=12346"},"modified":"2021-07-22T22:42:27","modified_gmt":"2021-07-22T21:42:27","slug":"can-usdcad-rise-off-major-support","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/","title":{"rendered":"Can USDCAD rise off major support?"},"content":{"rendered":"\n

The oil markets\u00a0fundamentals are mixed and the US dollar\u00a0is also trading within\u00a0a tight channel so the USDCAD is being pushed back and forth this week. For the 200 ema to continue acting as support traders need to see the US dollar\u00a0continue to rise and for $70 p\/b oil to become resistant.\u00a0Central banks say that inflation is transitory and they will need energy markets to fall and stabilise for this prophecy\u00a0to be self-fulfilling.\u00a0<\/p>\n\n\n\n

For more trading details, please check the hyperlinks with time stamp indicated from the video:<\/p>\n\n\n\n

\u00a00:43<\/a> USD\/CAD<\/a><\/p>\n\n\n\n

1:43<\/a> US DOLLAR INDEX<\/a><\/p>\n\n\n\n

2:09<\/a> LCrude<\/a><\/p>\n\n\n\n

5:04 <\/a> GBP\/CAD<\/a><\/p>\n\n\n\n

5:17<\/a> USD\/CAD<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The oil markets\u00a0fundamentals are mixed and the US dollar\u00a0is also trading within\u00a0a tight channel so the USDCAD is being pushed back and forth this week. For the 200 ema to continue acting as support traders need to see the US dollar\u00a0continue to rise and for $70 p\/b oil to become resistant.\u00a0Central banks say that inflation […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":[],"categories":[5],"tags":[64,101,434,155,40,31,48],"yoast_head":"\nCan USDCAD rise off major support? - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can USDCAD rise off major support?\" \/>\n<meta property=\"og:description\" content=\"The oil markets\u00a0fundamentals are mixed and the US dollar\u00a0is also trading within\u00a0a tight channel so the USDCAD is being pushed back and forth this week. For the 200 ema to continue acting as support traders need to see the US dollar\u00a0continue to rise and for $70 p\/b oil to become resistant.\u00a0Central banks say that inflation […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T11:42:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-22T21:42:27+00:00\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"Can USDCAD rise off major support?\",\"datePublished\":\"2021-07-22T11:42:00+00:00\",\"dateModified\":\"2021-07-22T21:42:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Crude oil\",\"Inflation\",\"Macro-Economics\",\"Technical Analysis\",\"US DOLLAR INDEX\",\"USDCAD\",\"WTI\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\",\"url\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\",\"name\":\"Can USDCAD rise off major support? - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2021-07-22T11:42:00+00:00\",\"dateModified\":\"2021-07-22T21:42:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/can-usdcad-rise-off-major-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Can USDCAD rise off major support?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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