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FX.co ★ Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs,Thursday November 23, 2023.

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Forex Analysis:::2023-11-23T06:00:21

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs,Thursday November 23, 2023.

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs,Thursday November 23, 2023.

Currently on the 4 hour chart, USD/CAD commodity currency pairs seems trying to go down to test the level 1,3653. This things also confirmed by the price movement which is currently below the WMA 20 that has the downward slope, where this is confirmed that if Loonie is in the selling pressure, so, if that level successfully broken below, as long as there is no quite significant upward correction where the level 1,3840 managed to break above, then USD/CAD will continue the downward until the level 1,3568.

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Analyst InstaForex
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