83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

010817 USDCAD

by | Aug 1, 2017 | USD/CAD | 0 comments

GCMAsia - USDCAD
USDCAD
USDCAD
2017-08-01
Resistance and Support Level Explanation
Resistance 1.2500 H4
Support 1.2410 H4

USDCAD, H4: USDCAD was traded lower following prior retracement while currently testing at the resistance level of 1.2500. A closure below the 20-MA line (red) would suggest USDCAD to extend its retracements towards the next target at 1.2410.

 

Resistance level: 1.2500, 1.2580

Support level: 1.2410, 1.2310