USDCAD Weekly Technical Outlook (16-20 March, 2015) | March 15, 2015

Usdcad continued its bullish rally as we updated on our previous weekly analysis. We told that this pair has got back its bullish power. This pair is now on full song. This pair has made new high last week. Now it is targeting 1.3000 area. From 1.2600 near term support area, this pair pulled back. Above this support level, this pair has made good buy signal. We can stay on bullish side above this support area and target will be 1.3000 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.2974

Resistance One (R1): 1.2877

Pivot Point: 1.2724

Support One (S1): 1.2627

Support Two (S2): 1.2474