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GCMAsia - USDCAD
USDCAD
USDCAD
2017-05-15
Resistance and Support Level Explanation
Resistance 1.3750 Daily
Support 1.3645 Daily

USDCAD, Daily: USDCAD was traded lower following prior retracement from the strong resistance level of 1.3750. As the MACD histogram begins to illustrate downward signal and momentum, a closure below the support level of 1.3645 would suggest the extension of downward momentum.

 

Resistance level: 1.3750, 1.3860

Support level: 1.3645, 1.3555