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FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, April 05 2023.

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Forex Analysis:::2023-04-05T05:47:31

Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, April 05 2023.

Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, April 05 2023.

If we look at the daily chart for the USD/CAD commodity currency pair, you can see that the price movement of the Lonnie is moving below the 21 EMA and the Awesome Oscillator indicator is in the negative area where this all shows that the dominance of the sellers is quite strong in USD/CAD so that in the next few days USD/CAD as long as there is no significant upward correction, especially until it breaks above the 1.3604 level, USD/CAD will continue to try to test the level below its current price, namely the 1.3261 level.

(Disclaimer)

Analyst InstaForex
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