FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday July 18, 2023.

With its successfully breaks below CCI indicator 3 level on its daily chart of USD/CAD as well as its EMA 50 and 200 has crossed the Death Cross in the Bearish Pitchfork channel giving an indication that The Lonnie is controlled by Sellers on the daily chart so based on the above facts in the next few days as long as there is no significant upward correction that goes above the 1.3288 level then USD/CAD has the potential to test drop down to test the 1.3091 level and if this level is successfully broken down then the next target is the Lower Line of the Bearish Pitchfork channel.

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