If we look at the 4-hour chart, the USD/CAD commodity currency pair appears to be in a Sideways condition, where this is also confirmed by the EMA movement which moves between the Candle bodies and narrows but with the appearance of a hidden deviation pattern between The Lonnie price movements which form a Double. Top with the Stochastic Oscillator indicator gives an indication that in the near future USD/CAD has the potential to weaken down to level 1.3602 and if this level is successfully broken downwards it will have the potential to continue weakening to level 1.3574 as the main target and level 1.3488 as the next target if momentum and the volatility is supportive, but all of these weakening scenarios can be canceled by themselves if on their way to this target level suddenly USD/CAD suddenly moves stronger and upwards, especially if it manages to breaks above the 1.3700 level.
(Disclaimer)
