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FX.co ★ Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, April 10 2023.

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Forex Analysis:::2023-04-10T04:35:36

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, April 10 2023.

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, April 10 2023.

From the 4-hour chart the commodity currency pair USD/CAD today appears to be corrected upwards where this is confirmed by the Awesome Oscillator indicator being in the positive area and price movement above the Moving Average but during the upward correction it does not exceed the 1.3604 level then the Lonnie still has the potential to continue his decline where this is confirmed by the appearance of the bearish Continuation Bear Flag pattern which will bring USD/CAD down to the level of 1.3405.

(Disclaimer)

Analyst InstaForex
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