Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday October 10, 2023.
October 10, 2023 6:23 am
Even though the USD/CAD commodity currency pair is moving in a ranging condition, but with the apearance of deviations between price movements and the Stochastic Oscillator indicator, The Lonnie has the potential to fall down to enter the Daily Bullish Fair Value Gap area level in the range of 1.3560-1.3515. If this area level is successful acting as a strong support area level, then, USD/CAD has the potential to strengthen up to level 1.3784, but if it is successfully broken down, especially below level 1.3416, USD/CAD will continue to weaken.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Even though the USD/CAD commodity currency pair is moving in a ranging condition, but with the apearance of deviations between price movements and the Stochastic Oscillator indicator, The Lonnie has the potential to fall down to enter the Daily Bullish Fair Value Gap area level in the range of 1.3560-1.3515. If this area level is successful acting as a strong support area level, then, USD/CAD has the potential to strengthen up to level 1.3784, but if it is successfully broken down, especially below level 1.3416, USD/CAD will continue to weaken.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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