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040618 USDCAD

by | Jun 4, 2018 | USD/CAD | 0 comments

GCMAsia - USDCAD
USDCAD
USDCAD
2018-06-04
Resistance and Support Level Explanation
Resistance 1.3000 H1
Support 1.2940 H1

USDCAD, H1: USDCAD remains traded within a sideways channel formation while currently testing at the lower level. Due to the lack of signal clarity from MACD histogram and price action, it is suggested to wait for a breakout from either side of the channel before entering the market.

 

Resistance level: 1.3000, 1.3055

Support level: 1.2940, 1.2895