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040718 USDCAD

by | Jul 4, 2018 | USD/CAD | 0 comments

GCMAsia - USDCAD
USDCAD
USDCAD
2018-07-04
Resistance and Support Level Explanation
Resistance 1.3180 H4
Support 1.3135 H4

USDCAD, H4: USDCAD extended its losses following prior retracement from the 20-MA line (red). Both MA line which continues to expand downward suggests ongoing bearish signal. Thus, successful close below 1.3135 would suggest the pair to extend it bearish momentum.

 

Resistance level: 1.3180, 1.3230

Support level: 1.3135, 1.3060