FX.co ★ Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday January 02, 2024.

From what we can see on the daily chart of USD/CAD commodity currency pairs, there is the Loonie which is move down below where this is marked by the Alligator's mouth wide open and the Awesome Oscillator moving below level 0, meaning it is the Seller who dominates on the daily USD/CAD chart but a reversal signal appears, namely the first Wiseman Bullish Divergent Bar so that in the next few days USD/CAD has the potential for a turning point to occur strengthens upwards to level 1.3415 if volatility and momentum are supportive after breaking above that level then level 1.3618 will be the next target to be achieved but all the scenarios described above will become invalid and cancel automatically if before reaching the target levels mentioned above Previously, USD/CAD suddenly weakened again until it penetrated below the level of 1.3176.

(Disclaimer)