16.03.202307:03 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Thursday March 16 2023.

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With the appearance of the deviation between the price movement of Loonie with Stochastic Oscillator indicator then it is confirmed on the 4 hour chart that USD/CAD commodity currency pairs is on the Seller domination so that USD/CAD currently has the potential to depreciated to the level of 1,3650 as the first target and 1,3581 as the second target. but it should be noted that the Bullish continuation Descending Broadening Wedge pattern USD/CAD also has bull potential in the future, so it is necessary to pay attention to the level above the current price, namely level 1.3813 because if this level is successfully broke upwards then all the decline scenarios described earlier will become invalid and cancel by itself.

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