08.10.202408:04 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday October 08, 2024.

Relevance up to 23:00 2024-10-08 UTC--4

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Although currently on the 4-hour chart, The Lonnie appears to be strengthening upwards, but with the appearance of deviations between the USD/CAD price movement and the Stochastic Oscillator indicator, it provides information and clues that in the near future USD/CAD will weaken down to the level of 1.3550 as its main target and if momentum and volatility support it, USD/CAD will continue to weaken to the level of 1.3511, but all of these weakening scenarios will become invalid and canceled by themselves if on their way to the target levels, USD/CAD suddenly strengthens up again and breaks through and closes above the level of 1.3650.

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