USDCAD Weekly Technical Analysis (11-15 May,2015) | May 9, 2015

Usdcad has formed pin bar on daily chart. This pair has pulled back after that pin bar. So it can end of big bearish rally. So we can expect some bullish movement on this pair as this pair is following the rejection of the pin bar. Above support 1.1950 area, this pair can maintain bullish momentum. So we can look for buy above this support area and target will be 1.2370 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2305

Resistance One (R1): 1.2189

Pivot Point: 1.2065

Support One (S1): 1.1949

Support Two (S2): 1.1825