EURCAD Weekly and Daily Outlook Feb 25th - mar 1st 2013

The weekly chart of this pair has shown consistent rejection of higher prices with multiple pin bars at previous resistance zone. Expectations are for price to fall into previous support zones at 1.3180 and 1.2780.

The Daily chart shows a seeming resumption of the bearish move initiated at the close of the US Session on wednesday (20th Feb 2013). If the range support at about 1.3360 is broken, price should target the next support zone at about 1.3180.