Title

USDCAD  H4  | Bearish Reversal 

Type

Bearish Reversal 

Preference:

The price is moving up towards the pivot level of 1.3800, which acts as a pullback resistance close to the 161.80% Fibonacci extension. A reversal at this level could cause the price to drop to the 1st  support at 1.3730, an overlap support.

Alternative Scenario:

 If the price breaks above the pivot, it may rise to the 1st resistance level at 1.3880, a multi swing highresistance level.