The USD/USD Pair Is Expected A Downside Continuation
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Technical analysis:
USD/CAD has been trading sideways at the price of 1.3437 but I see potential for the downside continuation.
Trading recommendation:
Due to the test of the lower trend-line of the bigger channel in the background, I see potential for the further downside continuation.
Watch for the potential selling opportunities with the downside objective at 1.3354.
Stochastic oscillator is showing overbought condition and potential for the further downside movement.
Key resistance is set at the price of 1.3450/70
Relevance up to 09:00 2023-01-13 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
