GCMAsia - USDCAD
USDCAD
2017-10-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.2525 | H4 |
| Support | 1.2470 | H4 |
USDCAD, H4: USDCAD upside remains heavy as it recently broke out from the bottom level of upward channel. Such price action signals a change in trend direction to move further downwards. Thus, a closure below the 60-MA line (green) would suggest USDCAD to extend its losses towards the first target at 1.2470.
Resistance level: 1.2525, 1.2600
Support level: 1.2470, 1.2415