GCMAsia-USDCAD

USDCAD
2021-02-24

USDCAD, H4: USDCAD was traded lower following prior breakout below the previous support level at 1.2620. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.
Resistance level: 1.2620, 1.2690
Support level: 1.2540, 1.2470