Title
USDCAD, H4 | Potential bullish reversal
Type
Bullish Bounce
Preference:
Price is approaching our pivot level of 1.34949 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36577.
Alternative scenario:
If price breaks below the pivot level, it could hit the 1st support of 1.34551.
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Source: Tickmill