GCMAsia - 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