GCMAsia - USDCAD
USDCAD
2021-05-11
USDCAD, H4: USDCAD was traded lower following prior breakout below the previous support level 1.2150. However, MACD which illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the pair to be traded higher in short term as a technical correction towards back the level 1.2150.
Resistance level: 1.2150, 1.2270
Support level: 1.2030, 1.1915