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USDCAD Weekly Technical Analysis | December 28, 2014



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USDCAD is facing strong resistance area. This can be key point for this pair. We can see rejection candle on daily chart from that resistance. So we can sell from here but it will be risky. If we see breakout of this resistance then we can open buy entry. For buy position, target will be 1.1750 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.1708

Resistance One (R1): 1.1666

Pivot Point: 1.1623

Support One (S1): 1.1581

Support Two (S2): 1.1538


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