GCMAsia - USDCAD

USDCAD
2017-10-19
| Resistance and Support | Level | Explanation |
| Resistance | 1.2520 | H4 |
| Support | 1.2450 | H4 |

USDCAD, H4: USDCAD pared its prior gains after plunging sharply while currently testing at the strong support level of 1.2450. Both signal line from MACD histogram which begins to expand downwards suggest USDCAD to extend its downward momentum after a successful breakthrough from the strong support of 1.2450.
Resistance level: 1.2520, 1.2600
Support level: 1.2450, 1.2350