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GCMAsia - USDCAD
USDCAD
USDCAD
2018-06-27
Resistance and Support Level Explanation
Resistance 1.3335 H1
Support 1.3290 H1

USDCAD, H1: USDCAD remains traded within a tight range while recently rebounded from the mid-level. Diminishing downward momentum as illustrated in the MACD histogram suggests the pair to be traded higher in short-term while long-term trend direction can only be determined following a breakout from either side of the range.

 

Resistance level: 1.3335, 1.3365

Support level: 1.3290, 1.3260