Title
USDCAD H4 | Bounce off support

Type
Bullish Bounce

Preference:

Price is falling to our pivot point of 1.33161 which is a multi-swing low support. A reverse from here. price could rally to 1st resistance at 1.34054 which is an overlap resistance level.

Alternative scenario:

However, if price breaks below the pivot, it could fall to 1st support at 1.3268

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