USDCAD H4 | Falling to overlap support

TitleUSDCAD H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35019 which is an overlap support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35937 which is an overlap resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.3431 which is a pullback support that aligns close to the 78.6% Fibonacci retracement 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.