Usdcad has pulled back 100 ema. It is showing respect to this moving average. We can get bullish movement on this above this 100 ema. This moving average and horizontal resistance lies on 1.2200 level. So if we find this pair on that level, then we can go for buy again. Target will be 1.2500 area. But on h4 time frame, this pair is facing resistance at 1.2355 with this same moving average. So for buy entry we need to wait for breakout of 1.2355 area.
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Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2599
Resistance One (R1): 1.2458
Pivot Point: 1.2329
Support One (S1): 1.2188
Support Two (S2): 1.2059
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