GCMAsia - USDCAD

USDCAD
2020-06-30

USDCAD, H4: USDCAD remain traded in a sideway channel while currently testing near the resistance level 1.3685. However, MACD which illustrate diminishing bullish momentum signal with the starting formation of death cross suggest the pair to be traded lower as a pullback towards the support level 1.1385.
Resistance level: 1.3645, 1.3820
Support level: 1.3485, 1.3330