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GCMAsia - USDCAD
USDCAD
USDCAD
2017-06-06
Resistance and Support Level Explanation
Resistance 1.3480 H4
Support 1.3435 H4

USDCAD, H4: USDCAD was traded lower following prior inability to close above the resistance level of 1.3540. Referring to MACD histogram which illustrates substantial downward momentum, it is suggested to move further down towards the target of support level at 1.3435.

 

Resistance level: 1.3480, 1.3540

Support level: 1.3435, 1.3385