GCMAsia - USDCAD

USDCAD
2021-02-24

USDCAD, H4: USDCAD was traded lower following prior breakout below the previous support level at 1.2615. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to undergo technical correction in short term.
Resistance level: 1.2610, 1.2685
Support level: 1.2555, 1.2485