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.

040417 USDCAD

by | Apr 4, 2017 | USD/CAD | 0 comments

GCMAsia - USDCAD
USDCAD
USDCAD
2017-04-04
Resistance and Support Level Explanation
Resistance 1.3405 H4
Support 1.3375 H4

USDCAD, H4: USDCAD remains traded within a sideways channel while currently testing near the top level of the channel at 1.3405. A successful breakout from this level would signal a change in trend direction to move further upwards. Otherwise, a retrace from this level would suggest USDCAD to be traded lower in short-term thereafter.

 

Resistance level: 1.3405, 1.3435, 1.3475

Support level: 1.3375, 1.3335, 1.3275