Title
USDCAD H4 | Potential reverse from 50% Fibo

Type
Bearish Reversal

Preference:
Price is nearing our pivot at 1.35579 which is an overlap resistance level that lines up with 50% Fibonacci retracement. A reverse from here price could falling to 1st support at 1.33265 which is swing low support level.

Alternative scenario:
However, if it breaks above it could rally to 1st resistance at1.36505 which is a pullback resistance.

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