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Although on the daily chart this USD/CAD commodity currency pairs is moving in the Choppy condition, there are actually a few buyer strength that has appear where the price movement of The Loonie is no above the WMA 30 Shift 2 as well as the Stochastic Oscillator indicator besides the %K has been intersects above %D and hidden deviations have also appeared, so USD/CAD in the next few days has the potential to strengthen upwards to breaks above level 1.3617. If this level is successfully broken then there is potential for USD/CAD to continue strengthening up to level 1.3863 but with The appearance of the Rising Wedge pattern. USD/CAD also has the potential to be corrected down, but as long as the correction does not break below level 1.3357, USD/CAD still has the potential to continue strengthening.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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