|Resistance and Support||Level||Explanation|
USDCAD, H4: USDCAD remained traded within an upward channel while currently testing at the bottom level. MACD histogram illustrates substantial downward signal which suggests higher probability for a breakout to occur at this level and signal a change in trend direction to move further downwards thereafter.
Resistance level: 1.3250, 1.3300
Support level: 1.3200, 1.3160