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.
GCMAsia - USDCAD
USDCAD
USDCAD
2017-10-03
Resistance and Support Level Explanation
Resistance 1.2555 H1
Support 1.2500 H1

USDCAD, H1: USDCAD was traded higher following prior rebound from the upward trend line. However, MACD indicator which illustrate diminished upward momentum suggests the pair to be traded lower in short-term as technical correction towards the target at 1.2500.

 

Resistance level: 1.2555, 1.2625

Support level: 1.2500, 1.2420