USDCAD Weekly Technical Analysis (8-12 June,2015) | June 7, 2015

Usdcad was on a range last week. We did not find any solid trend on this pair. It seems that bullish power of this pair has become weak. So this pair can fall if it can hold its resistance area. Resistance lies on 1.2560 level. On that level, a bearish rejection candle has been formed. So it is expected some down movement from that level. Target will be 1.2360 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.265

Resistance One (R1): 1.2543

Pivot Point: 1.2455

Support One (S1): 1.2348

Support Two (S2): 1.226