GCMAsia - USDCAD
USDCAD
2017-07-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.2670 | H4 |
| Support | 1.2580 | H4 |
USDCAD, H4: USDCAD was traded higher following prior rebound from the support level at 1.2580. Such price action suggests USDCAD to be traded higher in short-term after successfully closing above the 20-MA line (red). Otherwise, long-term trend direction still suggests USDCAD to extend its downtrend.
Resistance level: 1.2670, 1.2770
Support level: 1.2580, 1.2500