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GCMAsia - USDCAD
USDCAD
USDCAD
2018-09-14
Resistance and Support Level Explanation
Resistance 1.3045 H1
Support 1.2985 H1

USDCAD, H1: USDCAD was recently traded lower while currently testing the support level 1.2985. Recent price action and MACD which illustrate bearish momentum and the starting formation of a death cross suggest the pair to extend its losses after a breakout below the support level 1.2985.

 

Resistance level: 1.3045, 1.3105

Support level: 1.2985, 1.2900