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USDCAD Weekly Technical Outlook | December 20, 2014



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USDCAD touched fibo 61.8% level at 1.1661. This level is now acting as resistance. A spinning top is formed on that level. Highest point of this spinning top is 1.1671 and lowest point of this point is 1.1560. So with the breakout of this spinning top, we can take as the direction of breakout. Below 1.1560, we can take sell entry and above 1.1671, we can take buy entry.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.1733

Resistance One (R1): 1.1668

Pivot Point: 1.1608

Support One (S1): 1.1543

Support Two (S2): 1.1483


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