Title

USDCAD H4  | Bearish Reversal

Type

Bearish Reversal

Preference:

The price is moving up towards the pivot level of 1.3537, which acts as an overlap resistance. A reversal at this level could cause the price to drop to the first support at 1.3505, a pullback support.

Alternative Scenario:

 If the price breaks above the pivot, it may rise to the first resistance level at 1.3572, a pullback resistance