Title
USDCAD H4 | Bounce from overlap support
Type
Bullish Bounce
Preference:
Price is approaching the pivot point of 1.33956 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 1.34604.
Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support of 1.33405.
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Source: Tickmill