FX.co ★ Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Wednesday August 02 2023.

It looks so clear that The Loonie still moving dominated by the buyers where this is seen by its price movement which still moving harmoniously within its Pitchfork Channel going upwards as well as price action which is moving above WMA 20 and CCI indicator which managed to break above its main three levels and currently the movement is stuck at the level 0 so it is confirmed that if USD/CAD has the quite significant support so that based on the facts above, USD/CAD has the potential to continue the increase as long as there is no downward correction past the 1.3163 level, in the near future USD/CAD will try to break above the 1.3303 level and the 1.3386 level will be the next target to go.

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