{"id":44301,"date":"2023-04-14T12:52:00","date_gmt":"2023-04-14T11:52:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=44301"},"modified":"2023-04-18T11:10:57","modified_gmt":"2023-04-18T10:10:57","slug":"usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/","title":{"rendered":"USDCAD Technical Analysis &#8211; Bears Targets 2023 Low as Dollar Weakness Looms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"44301\" class=\"elementor elementor-44301\" 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-8ee0475 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ee0475\" 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-a88bbf9\" data-id=\"a88bbf9\" 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-9cce2b7 elementor-widget elementor-widget-text-editor\" data-id=\"9cce2b7\" 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 <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">USDCAD<\/a> was down -0.14% early Friday morning extending its 5-day string of losses. The US CPI print released on Wednesday softened, suggesting the Fed could push back on further tightening into May. The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected.<\/p><p>Furthermore, the <a href=\"https:\/\/bit.ly\/400zg4T\" target=\"_blank\" rel=\"noopener\">USD index<\/a> fell to 100.78 level, a one-year low as US PPI and Initial Jobless Claims closed in on the possibility of further tightening by the Fed. The US PPI (MoM) data for March fell to -0.5% against the 0.1% forecasted, while Initial Jobless Claims rose to 239K vs 232K anticipated.<\/p><p>However, the USDCAD could experience a short-term recovery as the rally in oil markets loses steam. The retracement in <a href=\"https:\/\/bit.ly\/3ZbUSus\" target=\"_blank\" rel=\"noopener\">oil<\/a> markets and a dovish BoC could help bulls hold above the 1.3300 level. The USWTI was steady at +0.07% after bulls retracted from the 83.00 level, a yearly high. The BoC maintained their rates at 4.50% as anticipated after a consecutive hike in a bid to slow down inflation.<\/p><p>On the close of the week, traders shift their focus to the US Retail Sales data along with Michigan consumer sentiment for April. Fed Waller will be speaking later in the New York session.<\/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-dbe510b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dbe510b\" 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-3a8612f\" data-id=\"3a8612f\" 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-51df8f6 elementor-widget elementor-widget-image\" data-id=\"51df8f6\" 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=\"602\" height=\"241\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/04\/usdcad-1w.jpg\" class=\"attachment-large size-large wp-image-44305\" 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-aa67323 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa67323\" 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-0684fbe\" data-id=\"0684fbe\" 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-e2480a9 elementor-widget elementor-widget-text-editor\" data-id=\"e2480a9\" 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 to the close of the week, as bears remain in control below 1.3540, a level coinciding with the Bollinger Band Baseline. Near-term targets for short positions on the pair are at 1.3240 low if the 1.33000 psychological level fails to hold as a near-term barrier. The MACD indicator volume bars have broken below the 0.00 benchmark suggesting the pair could be entering a bearish cycle. A break below the 1.3240 could trigger further selling towards the 1.3000 level coinciding with the 200-day moving average.<\/p><p>However, a hold above the 1.33000, a level coinciding with a 50-day moving average could cause USDCAD to experience short-term buy opportunities. The bulls could target the 1.3540 level in the near-term and a break above that level could reinforce buying pressure towards the 1.3850 level, 21 October 2022 high.<\/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-b78cf9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b78cf9d\" 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-c00c2cb\" data-id=\"c00c2cb\" 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-a70afda elementor-widget elementor-widget-image\" data-id=\"a70afda\" 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=\"282\" height=\"103\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/04\/usdcad-chart.jpg\" class=\"attachment-large size-large wp-image-44309\" 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-a341b9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a341b9d\" 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-def3a9d\" data-id=\"def3a9d\" 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-e8348b2 elementor-widget elementor-widget-text-editor\" data-id=\"e8348b2\" 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 ActivTrader Sentiment tool suggests 71% of retail traders have turned bullish on the USDCAD. The sentiment could be greatly influenced by the supply and demand uncertainty for oil. The Canadian dollar could give back its weekly gains as BoC kept rates unchanged at 4.50%.<\/p><p>However, persistent dollar weakness continues to see USDCAD trading lower closer to its yearly lows. The weaker Jobless Claims and Industrial data released early Thursday afternoon underpinned the bearish outlook on the pair. To the close of the week, Traders shift focus to US Retail Sales data and Michigan Consumer Sentiment data for April and a worse than expected data could see further selloff on the pair.<\/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-1e1b6e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e1b6e4\" 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-6288d28\" data-id=\"6288d28\" 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-902dae4 elementor-widget elementor-widget-image\" data-id=\"902dae4\" 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=\"602\" height=\"241\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/04\/usdcad-1d.jpg\" class=\"attachment-large size-large wp-image-44310\" 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\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>The USDCAD was down -0.14% early Friday morning extending its 5-day string of losses. The US CPI print released on Wednesday softened, suggesting the Fed could push back on further tightening into May. The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected. Furthermore, the USD index fell [&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":[206,193,40,31],"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 - Bears Targets 2023 Low as Dollar Weakness Looms - 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-bears-targets-2023-low-as-dollar-weakness-looms\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms\" \/>\n<meta property=\"og:description\" content=\"The USDCAD was down -0.14% early Friday morning extending its 5-day string of losses. The US CPI print released on Wednesday softened, suggesting the Fed could push back on further tightening into May. The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\" \/>\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=\"2023-04-14T11:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-18T10:10:57+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 - Bears Targets 2023 Low as Dollar Weakness Looms USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms\" \/>\n<meta name=\"twitter:description\" content=\"The USDCAD was down -0.14% early Friday morning extending its 5-day string of losses. The US CPI print released on Wednesday softened, suggesting the Fed could push back on further tightening into May. The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected.\" \/>\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-bears-targets-2023-low-as-dollar-weakness-looms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"USDCAD Technical Analysis &#8211; Bears Targets 2023 Low as Dollar Weakness Looms\",\"datePublished\":\"2023-04-14T11:52:00+00:00\",\"dateModified\":\"2023-04-18T10:10:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\"},\"wordCount\":452,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoC\",\"US CPI\",\"US DOLLAR INDEX\",\"USDCAD\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\",\"url\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\",\"name\":\"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-04-14T11:52:00+00:00\",\"dateModified\":\"2023-04-18T10:10:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USDCAD Technical Analysis &#8211; Bears Targets 2023 Low as Dollar Weakness Looms\"}]},{\"@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. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/","og_locale":"en_GB","og_type":"article","og_title":"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms","og_description":"The USDCAD was down -0.14% early Friday morning extending its 5-day string of losses. 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The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected.","og_url":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-04-14T11:52:00+00:00","article_modified_time":"2023-04-18T10:10:57+00:00","og_image":[{"width":504,"height":299,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1137545347.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms","twitter_description":"The USDCAD was down -0.14% early Friday morning extending its 5-day string of losses. The US CPI print released on Wednesday softened, suggesting the Fed could push back on further tightening into May. The CPI data YoY fell to 5.0% vs 5.2% surveyed presenting a more rapid fall than expected.","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-bears-targets-2023-low-as-dollar-weakness-looms\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"USDCAD Technical Analysis &#8211; Bears Targets 2023 Low as Dollar Weakness Looms","datePublished":"2023-04-14T11:52:00+00:00","dateModified":"2023-04-18T10:10:57+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/"},"wordCount":452,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BoC","US CPI","US DOLLAR INDEX","USDCAD"],"articleSection":["Forex"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/","url":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/","name":"USDCAD Technical Analysis - Bears Targets 2023 Low as Dollar Weakness Looms - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-04-14T11:52:00+00:00","dateModified":"2023-04-18T10:10:57+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/usdcad-technical-analysis-bears-targets-2023-low-as-dollar-weakness-looms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"USDCAD Technical Analysis &#8211; Bears Targets 2023 Low as Dollar Weakness Looms"}]},{"@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. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/44301"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=44301"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/44301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/4423"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=44301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=44301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=44301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}