GCMAsia - USDCAD
USDCAD
2018-05-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.2815 | H4 |
| Support | 1.2755 | H4 |
USDCAD, H4: USDCAD has formed a double top formation with the neckline at 1.2755 following prior retracement at 1.2880. MACD histogram which illustrate downward signal suggests further bearish bias. However, a close below the neckline is required in order to attain further validation.
Resistance level: 1.2815, 1.2880
Support level: 1.2755, 1.2735