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190521 USDCAD-Noon

by | May 19, 2021 | USD/CAD | 0 comments

GCMAsia-USDCAD
USDCAD
USDCAD

USDCAD, H4: USDCAD was traded higher following prior rebound from the support level 1.2030. MACD which illustrate diminishing bearish momentum signal with the formation of golden cross suggest the pair to extend its rebound towards the resistance level 1.2135.

 

Resistance level: 1.2135, 1.2270

Support level: 1.2030, 1.1915