14.01.202507:01 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Tuesday January 14, 2025.

Relevance up to 22:00 2025-01-27 UTC--5

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If we look at the daily chart of the USD/CAD commodity currency pair, it appears that a Bullish Pitchfork channel has formed, which indicates that the USD/CAD is in a Bullish movement, which is also confirmed by its price movement which is moving above the EMA (21) which also has a slope that dives upwards, so based on these facts, as long as there is no weakening correction that breaks through and closes below the 1.4277 level, The Lonnie will head to the 1.4518 level or the Middle Line Pitchfork channel and if the momentum and volatility support it, 1.4577 will be the next target to be aimed for.

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