GCMAsia - USDCAD
USDCAD
2017-08-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.2595 | H1 |
| Support | 1.2550 | H1 |
USDCAD, H1: USDCAD was traded higher prior its failure to break support level at 1.2550. Positive divergence as shown by MACD histogram gives an indication to USDCAD to undergo technical correction, extending its gains toward the resistance level at 1.2595.
Resistance level: 1.2595, 1.2635
Support level: 1.2550, 1.2490