GCMAsia - USDCAD
USDCAD
2018-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 1.2895 | H4 |
| Support | 1.2830 | H4 |
USDCAD, H4: USDCAD remains traded within a sideways channel following prior retrace from the top level. Stochastic Oscillator which illustrate retrace signal from the overbought region suggests the pair to extend its losses in short-term after closing below the 20-MA line (red). Otherwise, long-term trend direction can only be determined after a successful breakout from either side of the channel.
Resistance level: 1.2895, 1.2930
Support level: 1.2830, 1.2760