USDCAD H4 | Bearish breakout


Title
USDCAD H4 | Bearish breakout

Type
Bearish Reversal

Preference:
USDCAD could continue with the downward momentum and breakout of the pivot at 1.3263, an overlap support, and price reversing to the 1st support at 1.30984, the overlap support.

Alternative scenario:
Price could bounce off the pivot at 1.3263, and rise to the 1st resistance level at 1.3363. the overlap resistance.

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