USDCAD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Usdcad is still on down pressure. After breakout its support area, this pair is staying below this support area still now. So this pair is now on bearish momentum. Now it is facing little support on 1.2100 area. After breakout of 1.2100 area, we can see more bearish movement on this pair. On the other hand, this pair can take little retrace. So we can catch this pair from high for finding sell entry. 1.2300 area is near term selling zone for this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2394

Resistance One (R1): 1.2282

Pivot Point: 1.2192

Support One (S1): 1.208

Support Two (S2): 1.199