Title
USDCAD H1 | Potential bearish divergence?

Type
Bearish Reversal

Preference:

Price has just reacted off out pivot point of 1.33012 which is a multi swing high resistance level. A reverse from here, price could fall to 1st support at 1.32617 which is an overlap support

Alternative scenario:

However, if price breaks above the pivot it could push to 1st resistance at 1.33694 which is a swing high resistance.
 
Additionally, the Relative Strength Index (RSI) is displaying bearish divergence versus the price, suggesting a potential reversal in the near future..

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