USDCAD Weekly Technical Analysis (22-26 June, 2015) | June 20, 2015

A pin bar has been formed on daily chart on usdcad. This pin bar was formed on near term support level at 1.2170 area. This is fakey pin bar. So this is good sign for buy on this pair. We can look for buy on this pair. 1.2170-1.2200 area is good for buy on this pair. On the upside, this pair is facing resistance at 1.2270-1.2295 area where we can see 200 and 100 moving averages. So if this pair can break this moving averages, then we can expect more bullish movement on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.248

Resistance One (R1): 1.2368

Pivot Point: 1.2247

Support One (S1): 1.2135

Support Two (S2): 1.2014