GCMAsia - USDCAD
USDCAD
2017-06-14
| Resistance and Support | Level | Explanation |
| Resistance | 1.3260 | H4 |
| Support | 1.3190 | H4 |
USDCAD, H4: USDCAD has extended its losses following prior formation of death cross by both moving average line. However, as the MACD histogram illustrates a diminishing downward momentum, USDCAD may be traded higher in short-term as technical correction. Otherwise, long-term trend direction suggests it to move further down after breaking the support level of 1.3190.
Resistance level: 1.3260, 1.3330
Support level: 1.3190, 1.3120