USDCAD Day I Bullish reversal?

TitleUSDCAD Day I Bullish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.3629, which serves as an overlap resistance level aligning with the 38.2% Fibonacci.A reversal from this point could lead the price to drop to the 1st support at 1,3441, a multi-swing low support levelAlternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.3785, which also serves as a pullback resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.