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USDCAD Weekly Technical Analysis | December 13, 2014
USDCAD broke its recent higher high and resumed its bullish rally. This pair successfully broker its resistance at 1.1460-1.1470 level. So above this level, this pair can extend its bullish momentum. This level is good for buy entry and target for buy entry will be 1.1660. Any daily candle closed below 1.1460 level can give short time bearish signal. But overall trend is fully uptrend, So traders should stay with the trend and should look for buy entry.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.1570
Resistance One (R1): 1.1502
Pivot Point: 1.1407
Support One (S1): 1.1339
Support Two (S2): 1.1244
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