GCMAsia - USDCAD
USDCAD
2017-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 1.3760 | H4 |
| Support | 1.3675 | H4 |
USDCAD, H4: USDCAD were traded lower following prior retracement near the resistance level of 1.3760. As the MACD indicator continues to drift outside of upward momentum, USDCAD is expected to be traded lower in short-term as technical correction. Long-term trend direction suggests it to extend its uptrend after successfully closing above the resistance level of 1.3760.
Resistance level: 1.3760, 1.3840
Support level: 1.3675, 1.3600