FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Thursday 10 August, 2023.

On the daily timeframe chart of the USD/CAD currency pair, it can be seen that there is a deviation between price movements and the CCI Histogram indicator as well as the Bullish Pitchfork Channel which indicates confirmation of the strengthening rally movement from the Lonnie but with the USD/CAD movement being restrained in the midline of the bullish Pitchfork. which coincidentally is also in the bearish Fair Value Gap area, so it seems that in the next few days USD/CAD has the potential to be corrected again down to the level of the bullish Fair Value Gap area and/or to the Bullish Orderblock level at the 1.3260 level but if it is on its way to the bullish level -That level suddenly corrected The Lonnie and went up again especially if it manages to break above the 1.3584 level, it is certain that the downward scenario described earlier will cancel itself and become invalid.

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