Canadian dollar weekly technical analysis

The Canadian dollar, as we mentioned in the weekly report, at the beginning of the week, has risen from the support area and the mentioned resistance area has been targeted.
Now we expect a corrective downside wave from the resistance area at 1.2805 levels, to target the support area at 1.2641 levels, from which we expect the week’s bottom to form.
But in the event that the four-hour candle is closed and the price is anchored above the level of 1.2805, it is expected that the rise will continue and target the second resistance area at 1.2932 levels, from which it is expected that the top of the week will form.