USDCAD H4 | Dropping to swing-low support

TitleUSDCAD H4 | Dropping to swing-low supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.36663 which is a swing-low support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37707 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.36291 which is a swing-low support 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.