GCMAsia - USDCAD

USDCAD
2019-06-27

USDCAD, H4: USDCAD was traded lower following prior breakout below the previous support level 1.3160. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to be undergo a short term technical correction towards back the current resistance level 1.3160.
Resistance level: 1.3160, 1.3230
Support level: 1.3080, 1.2970