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250518 USDCAD

by | May 25, 2018 | USD/CAD | 0 comments

GCMAsia - USDCAD
USDCAD
USDCAD
2018-05-25
Resistance and Support Level Explanation
Resistance 1.2900 H1
Support 1.2865 H1

USDCAD, H1: USDCAD remains traded within a sideways channel while currently testing at the top level. Recent rebound from the 20-MA line (red) while coupled with upward signal from Stochastic Oscillator suggests the pair to extend its bullish bias in short-term towards the target of 1.2900.

 

Resistance level: 1.2900, 1.2965

Support level: 1.2865, 1.2805