GCMAsia - USDCAD

USDCAD
2019-06-17

USDCAD, H4: USDCAD was traded higher following prior breakout above previous resistance level at 1.3380. However, MACD which display diminishing bullish momentum suggest the pair to undergo short-term technical correction and retrace towards the support level 1.3380.
Resistance level: 1.3435, 1.3490
Support level: 1.3380, 1.3305