GCMAsia - USDCAD
USDCAD
2017-09-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.2335 | H4 |
| Support | 1.2230 | H4 |
USDCAD, H4: USDCAD was traded lower following prior retracement while closing below the 38.2 Fibonacci level. MACD indicator which illustrate diminishing upward momentum suggests the pair to be traded lower in short-term as technical correction, towards the 20-MA line (red).
Resistance level: 1.2335, 1.2420
Support level: 1.2230, 1.2160