GCMAsia - USDCAD
USDCAD
2017-08-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.2700 | H4 |
| Support | 1.2620 | H4 |
USDCAD, H4: USDCAD pared its gains following prior retracement from the resistance level of 1.2700. Such price movement suggests USDCAD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction suggests further upside bias as both MA lines continue to expand upwards after the formation of golden cross.
Resistance level: 1.2700, 1.2770
Support level: 1.2620, 1.2535