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GCMAsia - USDCAD
USDCAD
USDCAD
2017-11-03
Resistance and Support Level Explanation
Resistance 1.2900 H4
Support 1.2805 H4

USDCAD, H4: USDCAD was traded lower following prior retrace from the resistance level of 1.2900 while forming a double top. MACD histogram which illustrate substantial downward signal suggests USDCAD to extend its losses after closing below the neckline of 1.2805.

 

Resistance level: 1.2900, 1.2950

Support level: 1.2805, 1.2750