TitleUSDCAD H4 I Falling to support level?TypeBearish DropPreference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.3663, a swing-low support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.3827, which serves as a multi-swing high resistance levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
