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GCMAsia - USDCAD
USDCAD
USDCAD
2017-06-16
Resistance and Support Level Explanation
Resistance 1.3305 H4
Support 1.3230 H4

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

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