Usdcad are facing resistance now at 1.2530 area. On the daily chart, we can see two rejection pin bar candle. This can be good sell setup for this pair. We can sell with the breakout of 1.2395 level as drawn on the chart. If we find this pair at 1.2500 then we can take also sell entry. We can target 1.2200 area for our sell entry on usdcad.
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Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2684
Resistance One (R1): 1.2567
Pivot Point: 1.2421
Support One (S1): 1.2304
Support Two (S2): 1.2158
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