USDCAD H1 I Bearish reversal

Title
USDCAD H1 I Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point at 1.3538, a pullback resistance that aligns with the 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.3462, an overlap support.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.3603, above a swing-high resistance

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Source: Tickmill

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USDCAD H1 I Bearish reversal

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