GCMAsia - USDCAD
USDCAD
2017-10-09
| Resistance and Support | Level | Explanation |
| Resistance | 1.2595 | H4 |
| Support | 1.2470 | H4 |
USDCAD, H4: USDCAD was traded lower prior its retracement from resistance level at 1.2595. The pair was on pressure to trade lower based on the bearish candlesticks arrangement and negative divergence as formed by MACD histogram. However, it is suggested to stay aside and wait for clearer signal for the pair either to break or rebound from the bottom level of the ascending channel.
Resistance level: 1.2595, 1.2655
Support level: 1.2470, 1.2410