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09.01.2024 06:47 AM
Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday January 09, 2024.

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With the equal high at the level of 1,3401 on the 4 -hour chart the Commodity currency pair of USD/CAD which is a sign of significant liquidity at that level with confirmation of Stochastic Oscillator at the Oversold level, in the near future USD/CAD has the potential to strengthen up to test to test level of 1,3425 but as long as the reinforcement does not exceed the level of 1,3450, USD/CAD has the potential to weaken back to the level of 1,3286 as the main target and if the volatility and momentum are strong enough, the next level of 1,3177 will be the next target to be addressed where this has been confirmed by the emergence of deviations in The Lonnie with Indikaot Stochastic Osillator.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2024
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