83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDCAD
USDCAD
USDCAD
2018-08-27
Resistance and Support Level Explanation
Resistance 1.3020 H1
Support 1.2985 H1

USDCAD, H1: USDCAD was traded higher while currently testing the resistance level 1.3020. MACD which illustrate diminished bearish momentum with the golden cross formation suggest the pair to continue to be traded higher after it breaks above the resistance level 1.3020.

 

Resistance level: 1.3020, 1.3050

Support level: 1.2985, 1.2935