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GCMAsia - USDCAD
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