USDCAD Weekly Technical Analysis (6-10 April, 2015) | April 4, 2015

Usdcad has got back to support area again. A pin bar was formed on daily on 31 March. After forming pin bar this pair started to fall. We can get another chance to buy from support area. Before ending friday session, a pin was formed on h4 time frame which inspire buyers to take buy position. We can wait for buy from 1.2370-1.2410 support level. For buy target will be 1.2700 area. On the other hand, if it can break this important support level, then we need to sell on this pair with targeting 1.2000 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2922

Resistance One (R1): 1.2705

Pivot Point: 1.2567

Support One (S1): 1.235

Support Two (S2): 1.2212