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USDCAD Technical Analysis (23-27 February,2015) | February 21, 2015
Usdcad has rejected from support area again. 1.2350-.12400 area is still acting as support for this pair. From that level, it has been pulled back. So we can see some bullish movement now. It is also following upward trend line. We can also buy from this trend line. We can target 1.2650 area and then 1.2800 area. Main trend of usdcad is still uptrend. So we need to stay on uptrend. When we will get any bullish sign from support area, we can take buy entry on usdcad.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.2685
Resistance One (R1): 1.2607
Pivot Point: 1.2484
Support One (S1): 1.2406
Support Two (S2): 1.2283
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