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GCMAsia - USDCAD
USDCAD
USDCAD
2018-05-24
Resistance and Support Level Explanation
Resistance 1.2865 H4
Support 1.2805 H4

USDCAD, H4: USDCAD remains traded within a sideways channel following prior rebound from the mid-level. Recent closure above the 20-MA line (red) suggests further bullish bias for the pair to extend its gains towards the direction of resistance level near 1.2865.

 

Resistance level: 1.2865, 1.2900

Support level: 1.2805, 1.2755