GCMAsia - USDCAD
USDCAD
2017-04-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.3530 | Daily |
| Support | 1.3460 | Daily |
USDCAD, Daily: USDCAD was traded higher following prior rebound from the lower level of the narrowing triangle while currently testing at the top level. A breakout from this level would signal a change in trend direction to move further upwards thereafter. Otherwise, a retrace from this level would suggest USDCAD to be traded lower in short-term within the narrowing triangle.
Resistance level: 1.3530, 1.3595
Support level: 1.3460, 1.3355