USDCAD Weekly Technical Analysis (25-29 May,2015) | May 24, 2015

Finally usdcad has started bullish rally. From the beginning of the first day of previous week, this pair is moving up. Big bullish candle has been formed on the weekly chart. It is clearly suggesting to stay with bullish side on this pair. This pair can move more up. We can go for buy with some retrace on this pair. 1.2200 area is near term support area for taking buy on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.252

Resistance One (R1): 1.2399

Pivot Point: 1.2199

Support One (S1): 1.2078

Support Two (S2): 1.1878