|Resistance and Support||Level||Explanation|
USDCAD, H4: USDCAD was traded lower following prior retracement from the 23.6 Fibonacci level at 1.3305. However, as the MACD indicator remained hovered outside of downward momentum, a rebound from the 20-moving average line (red) would suggest USDCAD to advance further up and retest at 1.3305.
Resistance level: 1.3305, 1.3395
Support level: 1.3230, 1.3160