Canadian dollar weekly technical analysis

The Canadian dollar is moving in a bearish wave. We expect the beginning of a corrective bullish wave to form from the purchasing liquidity support levels at 1.2607 levels, to target the selling liquidity resistance area at 1.2745 levels, and from it we expect a bearish wave to form to target the purchasing liquidity support area at 1.2506 levels, from which we expect the week’s bottom to form.
But in the event that a four-hour candle closes above the level of 1.2777, we expect the rise to continue and target the selling liquidity resistance area at 1.2913 levels, from which we expect the week’s top to form.