USDCAD Weekly Technical Analysis (18-22 May,2015) | May 16, 2015

Usdcad has pulled back from it important support level. We can see bullish candle on that level, so this pair can move up from that area. Support area lies on 1.1930-1.1960 area. If this pair holds this area, then we can expect more bullish movement on this pair. Now this pair is looking for going up. We can target 1.2160 and then 1.2360 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2251

Resistance One (R1): 1.2131

Pivot Point: 1.2025

Support One (S1): 1.1905

Support Two (S2): 1.1799