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USDCAD Technical Analysis (12-16 January 2015) | January 10, 2015



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USDCAD has continued its bullish rally. It is full on bullish momentum. It can make new higher high in the coming days.

We can draw fibo from recent upward movement. We can see that fibo 38.2% level lies on 1.1619 area. This is good area for buy for this pair. 1.1670 is also buy zone and target will be 1..1850 for buy entry.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.1977

Resistance One (R1): 1.1919

Pivot Point: 1.1824

Support One (S1): 1.1766

Support Two (S2): 1.1671


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