FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday October 03 2023.

After successfully breaking above the area level of the RBS (Resistance Become Support - gray) now the opportunity for The Lonnie on its daily chart to continue its upward movement is getting bigger in the next few days where its price movement which is above the WMA (20) which also slopes upwards provides confirmation Due to this, USD/CAD has the opportunity to go to the 1.3801-1.3969 area level, but if on its way suddenly USD/CAD falls back below the 1.3380 level, the Bull scenario described previously will automatically cancel itself.

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