USDCAD Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

A bearish gartley pattern has been formed on daily time frame on usdcad. According to this pattern, sell zone lies on 78.6% fibo level. This pair has formed bearish rejection candle on daily chart from that 78.6% fibo level. So we can expect down rally from that area. For sell target will be 1.2370 area. On next week, we can try to find sell sign on h4 time frame and then we can take sell on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2829

Resistance One (R1): 1.2695

Pivot Point: 1.2499

Support One (S1): 1.2365

Support Two (S2): 1.2169