USDCAD Weekly Technical Analysis (23-27 March,2015) | March 22, 2015

Usdcad has dropped from its resistance levele at 1.2800 area. It has retested a triangle. This pair is now towards support area again. 1.2400 area is good buy zone. If we find this pair on this level, then we can take buy entry from this important support level. As this pair is now on downward momentum, we can take sell entry for short time. If any bullish candle formed on daily chart, then we can go for buy again on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2994

Resistance One (R1): 1.2772

Pivot Point: 1.261

Support One (S1): 1.2388

Support Two (S2): 1.2226