83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDCAD
USDCAD
USDCAD
2017-04-07
Resistance and Support Level Explanation
Resistance 1.3410 H1
Support 1.3385 H1

USDCAD, H1: USDCAD extended its losses following prior retracement from the 20-moving average line (red). As both moving average line continues to narrow downwards and may form an imminent death cross formation, USDCAD is expected to move further downwards, towards the target of support level at 1.3385.

 

Resistance level: 1.3410, 1.3455

Support level: 1.3385, 1.3365