GCMAsia - USDCAD
USDCAD
2018-03-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.3120 | H4 |
| Support | 1.2990 | H4 |
USDCAD, H4: USDCAD was traded lower following prior retracement from the resistance level at 1.3120. MACD histogram which has formed a death cross signal may suggests the pair to extend its losses in short-term, after closing below the 20-MA line (red). Otherwise, long-term trend direction is still subjected to the current upward trendline.
Resistance level: 1.3120, 1.3210
Support level: 1.2990, 1.2930