FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday August 15 2023.

If we look at the chart on the 4-hour timeframe for USD/CAD, you can see that the price movement is moving in the Pitchfork channel which dived above and above WMA (20) and the CCI indicator which managed to broke above the three important levels so based on these facts, The Lonnie within a few the next day there is potential for a bullish rally up to the 1.3500 level as the first target and the 1.3621 level as the second target but if on the way to these levels there is a sudden downward correction to break below the 1.3303 level then there is a high probability of a bullish rally scenario that has previously described will become invalid and cancel by itself.

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