FX.co ★ Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Thursday September 14, 2023.

On its 4 hour chart of Loonie, The chart shows that the decline that occurred in this commodity currency pair is stuck at the level of the Bullish Fair Value Gap area (Cyan Box) and is starting to weaken, which is indicated by the TTM Squeeze & Momentum indicator which has changed momentum (changed color) so that over time In the near future, as long as there is no continuation of the weakening until it passes below the 1.3495 level, USD/CAD has the potential to reverse direction to rally upwards to test the 1.3587 level and if this level is successfully penetrated above, the 1.3695 level will be the next target to be aimed at.

(Disclaimer)