GCMAsia-USDCAD

USDCAD
2021-03-23

USDCAD, H4: USDCAD was traded higher following prior breakout above the previous resistance level at 1.2495. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.
Resistance level: 1.2560, 1.2615
Support level: 1.2495, 1.2415