GCMAsia-USDCAD

USDCAD
2021-03-12

USDCAD, H4: USDCAD was traded lower following prior breakout below the previous support level at 1.2560. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.
Resistance level: 1.2560, 1.2605
Support level: 1.2480, 1.2395