GCMAsia - USDCAD

USDCAD
2017-07-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.3040 | H4 |
| Support | 1.2950 | H4 |

USDCAD, H4: USDCAD remained traded within a downward channel following prior rebound from the bottom level. Recent closure above the 20-moving average line (red) suggests USDCAD to move further up towards the target of resistance level at 1.3040 in short-term.
Resistance level: 1.3040, 1.3130
Support level: 1.2950, 1.2860