Although on the 4-hour chart the USD/CAD commodity currency pair is moving in a Bearish channel, but with the formation of a Bullish 123 pattern and being above the SMA 20 (Middle Line Bollinger Band) which also has a slope that slopes upwards, in the near future as long as it does not weaken again and falls to break through and close below the 1.4026 level, The Lonnie has the potential to continue strengthening to the 1.4307 level and if this level is successfully broken and closes above it, USD/CAD will continue to strengthen to the 1.4390-1.4408 area level and if the momentum of strengthening and volatility support it, the 1.4532-4543 area level will be the next USD/CAD target.
(Disclaimer)
