USDCAD H4 | Approaching pullback support

TitleUSDCAD H4 | Approaching pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.31529 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.32325 that aligns close to the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.30987.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.