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USDCAD Technical Analysis (5-9 January,2015) | January 3, 2015
USDCAD has broken it important resistance area. 1.1670 was acting as good resistance for this pair. It tired many times to break this level. At last with a big bullish candle, this resistance has been broken. This level will be now potential support for this pair. So we can wait for retest this level for further bullish rally. 1.1670-1.1700 area will be good buy zone for this pair. For buy entry, target will be 1.2000 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.1489
Resistance One (R1): 1.1634
Pivot Point: 1.1710
Support One (S1): 1.1855
Support Two (S2): 1.1931
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