GCMAsia - USDCAD

USDCAD
2020-07-16

USDCAD, H4: USDCAD remain traded in a sideway channel while currently testing near the support level 1.3485. However, MACD which illustrate bearish momentum signal suggest the pair to extend its losses after it breaks below the support level 1.3485.
Resistance level: 1.3685, 1.3820
Support level: 1.3485, 1.3330