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USDCAD reovered after big fall on Monday last week. This pair is still facing resistance at 1.1460-1.1480 level. With the break of this level, bullish rally should extend at 1.1661 where fibo 61.8% level lies on. 1.1661 can be good resistance for this pair. In technical analysis, this pair is on bullish bias. We should for for buy from every retracement. Buying area lies on 1.1330-1.1360 level.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.1563
Resistance One (R1): 1.1494
Pivot Point: 1.1402
Support One (S1): 1.1333
Support Two (S2): 1.1241
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