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USDCAD, H4 I Potential Rise

31572 usdcad h4 i potential rise

Type: Bullish BounceKey Levels:Resistance: 1.27961Pivot: 1.26505Support: 1.2571Preferred Case:With prices moving above the Ichimoku cloud, we see the potential for a bounce from our pivot at 1.26505 in line with horizontal swing low support and 61.8% Fibonacci retracement towards our 1st resistance at 1.27961 in line with horizontal swing high resistance and 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.2571, in line with the horizontal swing low support.

Source: Tickmill

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