Title

USDCAD H4 | Bullish Bounce

Type

Bullish Bounce

Preference:

price has just bounced off the pivot of 1.3562, an overlap support. A bounce from this level could lead the price to rise to 1st resistance at 1.3661, a pullback support close to 61.8% Fibo projection 

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 1.3490, an overlap support level.