03.12.202406:26 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday December 03, 2024.

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With the appearance of deviations between the price movement of The Lonnie and the Stochastic Oscillator indicator on the 4-hour chart, it gives an indication that in the near future this commodity currency pair USD/CAD will potentially weaken down where as long as there is no further strengthening that breaks through and closes above the level of 1.4150 USD/CAD will weaken where the level of 1.4013 will be tested if this level is successfully broken and closed below it by this currency pair then The Lonnie has the potential to continue its weakening to the level of 1.3926 and the level of 1.3643 as the next target if the momentum and volatility support it.

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