{"id":34631,"date":"2022-09-09T13:15:00","date_gmt":"2022-09-09T12:15:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=34631"},"modified":"2022-09-09T22:04:20","modified_gmt":"2022-09-09T21:04:20","slug":"usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/","title":{"rendered":"USDCAD Technical Analysis &#8211; Bulls retract from 1.3200 level towards a 3-week low"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"34631\" class=\"elementor elementor-34631\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ce3429 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ce3429\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35cbc16\" data-id=\"35cbc16\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3f5dd5 elementor-widget elementor-widget-text-editor\" data-id=\"a3f5dd5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">USDCAD<\/a> plunged by -0.75% making its first week of losses in 4 weeks. The Canadian dollar advanced as the BoC chartered a hawkish path in the near term. The Canadian dollar strengthen after BoC raised rates by 75bps on Wednesday.<\/p><p>Oil markets rallied for the second day as investors pay close attention to OPEC+\u2019s next week\u2019s response to the current price slump. <a href=\"https:\/\/bit.ly\/3QIJ8Ml\" target=\"_blank\" rel=\"noopener\">USOIL<\/a> rose by +2.80% on Friday while UKOIL advanced by +2.71% as investors shrug off demand concerns. The rise in oil markets helped lift the Canadian dollar\u2019s strength as a commodity-backed currency.<\/p><p>The dollar correction in the near term is sparked by a soft tone from Fed Chair Powell\u2019s speech as markets braces for a softer landing. Markets are still pricing an 85% chance of a Fed rate hike by 75bps. The Initial Jobless Claims released on Thursday dropped to 222K from an anticipated240K indicating a growing labour market, although the news failed to lift the dollar in the near term.<\/p><p>Traders shift their focus to the employment data from Canada due for release in the New York session. US Barker oil rig count and an address from the Fed\u2019s Waller and FOMC member George will be major drivers today.<\/p><p><strong>Weekly Chart Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-219210b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"219210b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-896477b\" data-id=\"896477b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c50b00d elementor-widget elementor-widget-image\" data-id=\"c50b00d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"249\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/09\/usdcad-1w.jpg\" class=\"attachment-large size-large wp-image-34634\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a7a61d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a7a61d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-697b301\" data-id=\"697b301\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c9978bb elementor-widget elementor-widget-text-editor\" data-id=\"c9978bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The USDCAD remains bound inside a bearish pennant and bulls retreated from near-term resistance at 1.3200 and bears are currently sitting above a 2-week low. Downside pressure is challenged by the 1.2900 and 1.27500 levels, and a breach below that level could trigger selling pressure towards the 1.2000 level.<\/p><p>However, 50-day EMA indicates that the pair maintains a bullish outlook above 1.2750. A defence of that near-term support could see a price rally towards the 1.3200 and 1.3400 levels. The MACD indicator shows that the current trend has a bullish bias as Volume bars trade above the benchmark 0.000 level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-482ac1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"482ac1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a414ec4\" data-id=\"a414ec4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-085c47c elementor-widget elementor-widget-image\" data-id=\"085c47c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"286\" height=\"106\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/09\/usdcad-chart.jpg\" class=\"attachment-large size-large wp-image-34635\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fac4e9e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fac4e9e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-130400a\" data-id=\"130400a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71040b3 elementor-widget elementor-widget-text-editor\" data-id=\"71040b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>ActivTrader Sentiment tool indicates that 67% of retail traders are bullish on the USDCAD. Markets are still pricing in further tightening by the Fed in September. The slide in oil markets this week as a result of weakening demand could cause USDCAD to rally higher in the near term.<\/p><p>The dollar retreated from a 21-months high as markets takes a risk-on tone after ECB and BoC sounded hawkish sentiments at their policy meetings this week. The Canadian dollar regained ground after BoC delivered a super-sized 75bps rate hike to 3.25% on Wednesday. The oil markets remain a major key driver for the USDCAD pair in the near term.<\/p><p><strong>Daily Chart Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ec357b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ec357b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5f36af2\" data-id=\"5f36af2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4d3638 elementor-widget elementor-widget-image\" data-id=\"d4d3638\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"249\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/09\/usdcad-1d.jpg\" class=\"attachment-large size-large wp-image-34636\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7b4cf94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b4cf94\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d5b00d\" data-id=\"4d5b00d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6863448 elementor-widget elementor-widget-text-editor\" data-id=\"6863448\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The USDCAD suffered losses for 3-consecutive days as bulls lost handles below the 1.3200 near-term resistance. The pair has a double top at 1.3200 and prices could extend their drop towards the 1.2900 level. A break below the 1.2900 level could trigger selling pressure towards the 1.27500 level. The Stochastic RSI indicator suggests that the pair is moving from an overbought zone and lower prices could be expected.<\/p><p>However, a defence of the 1.2900 level, near-term support could give optimism for bulls to attempt another run above the 1.3200 level. A break above that high could reinforce a bullish outlook toward the 1.3300 Psychological level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>USDCAD plunged by -0.75% making its first week of losses in 4 weeks. The Canadian dollar advanced as the BoC chartered a hawkish path in the near term. The Canadian dollar strengthen after BoC raised rates by 75bps on Wednesday. Oil markets rallied for the second day as investors pay close attention to OPEC+\u2019s next [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[206,54,42,639,31],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low - 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\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low\" \/>\n<meta property=\"og:description\" content=\"USDCAD plunged by -0.75% making its first week of losses in 4 weeks. The Canadian dollar advanced as the BoC chartered a hawkish path in the near term. The Canadian dollar strengthen after BoC raised rates by 75bps on Wednesday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\" \/>\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=\"2022-09-09T12:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-09T21:04:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1137545347.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low\" \/>\n<meta name=\"twitter:description\" content=\"USDCAD plunged by -0.75% making its first week of losses in 4 weeks. The Canadian dollar advanced as the BoC chartered a hawkish path in the near term. The Canadian dollar strengthen after BoC raised rates by 75bps on Wednesday.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"USDCAD Technical Analysis &#8211; Bulls retract from 1.3200 level towards a 3-week low\",\"datePublished\":\"2022-09-09T12:15:00+00:00\",\"dateModified\":\"2022-09-09T21:04:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\"},\"wordCount\":517,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoC\",\"ECB\",\"Fed\",\"OIL\",\"USDCAD\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\",\"url\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\",\"name\":\"USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-09-09T12:15:00+00:00\",\"dateModified\":\"2022-09-09T21:04:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USDCAD Technical Analysis &#8211; Bulls retract from 1.3200 level towards a 3-week low\"}]},{\"@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\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. 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The Canadian dollar advanced as the BoC chartered a hawkish path in the near term. The Canadian dollar strengthen after BoC raised rates by 75bps on Wednesday.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"USDCAD Technical Analysis &#8211; Bulls retract from 1.3200 level towards a 3-week low","datePublished":"2022-09-09T12:15:00+00:00","dateModified":"2022-09-09T21:04:20+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/"},"wordCount":517,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BoC","ECB","Fed","OIL","USDCAD"],"articleSection":["Forex"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/","url":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/","name":"USDCAD Technical Analysis - Bulls retract from 1.3200 level towards a 3-week low - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-09-09T12:15:00+00:00","dateModified":"2022-09-09T21:04:20+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bulls-retract-from-1-3200-level-towards-a-3-week-low\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"USDCAD Technical Analysis &#8211; Bulls retract from 1.3200 level towards a 3-week low"}]},{"@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\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. 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