USDCAD H4 | Falling to pullback support?

TitleUSDCAD H4 | Falling to pullback support?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.3691 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37834 which is a level that aligns with the 127.2% Fibonacci extension level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.36334 which is an overlap 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.