GCMAsia - USDCAD
USDCAD
2017-10-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.2600 | H1 |
| Support | 1.2525 | H1 |
USDCAD, H1: USDCAD remains traded within an upward channel while currently testing at the top level. A breakout from the top level would signal a change in trend direction to move further upwards to the target of 1.2600 thereafter. Otherwise, a retrace would signal short-term downside bias to continue oscillating within the upward channel.
Resistance level: 1.2600, 1.2665
Support level: 1.2525, 1.2470