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FX.co ★ Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday December 12, 2023.

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Forex Analysis:::2023-12-12T05:58:12

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday December 12, 2023.

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday December 12, 2023.

From what we see on the 4 hour chart, USD/CAD Commodity currency pairs seems at the weakness condition where this is confirmed by the appearance of Bearish 123 pattern as well as the price movement which is moving below WMA 30 that has the downward slope with CCI indicator CCI which manages to breaks below the 3 important levels 100, 0, $-100 so that in the near future of USD/CAD, as long as there is no upward correction, the level 1,3619 has the potential to continue its weakness below the level 1,3549 as the main target and the leve 1,3479 as the second target.

(Disclaimer)

Analyst InstaForex
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