Title
USDCAD H4 | Falling to pullback support
Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 1.36081 which is an overlap support| level.
Type
Bullish Bounce
Preference:
Price is falling towards the pivot point of 1.36919 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37835 which is a swing-high resistance level.
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منبع: https://www.tickmill.com/blog/usdcad-h4-falling-to-pullback-support-20th-october-2023
