Analysis Of The Loonie (UAD/CAD) Price Movement

USD/CAD - Canadian economy added 41,400 jobs beating expectations

With the appearance of the hidden deviation on The Loonie price movement with its Stochastic Oscillator indicator that also happens to be on the Overbought level as well as the appearance of Bearish 123 pattern followed by Ross Hook (RH) so that based on those facts, USD/CAD has the potential to depreciated below up to the level 1.3261-1.3225. However, if on the way to the level that has been described, suddenly USD/CAD is corrected up again and up past the level of 1.3520, the downside scenario described earlier will become invalid and automatically cancel itself.

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Relevance up to 03:00 2023-02-18 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.

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USD/CAD - Canadian economy added 41,400 jobs beating expectations

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