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Title
USDCAD, H4 | Potential reversal off a key overlap resistance
Type
Bearish Reversal
Preference:
We’re seeing price test a key overlap resistance at 1.3345. There’s a chance price might reverse from here to push prices all the way down to 1st support at 1.3237. It’s worth highlighting that there’s an intermediate support at 1.3320 which price needs to break to trigger a further acceleration down.
Source: Tickmill