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USDCAD Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015
Usdcad had pulled back from its support area again. It has bounced back for several times from that level. This time, it seems that it has got its bullish power back. Daily candle also giving buy signal on this pair. We can see now more bullish movement on this pair. If we find this pair on 1.2520-1.2550 area, we can take buy entry. If we find on more deep, we should go for long term buy on this pair. Target will be 1.2700 and next target will be 1.3000 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2771
Resistance One (R1): 1.2696
Pivot Point: 1.2551
Support One (S1): 1.2476
Support Two (S2): 1.2331
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