Type: Bullish BounceKey Levels:Resistance: 1.28537Pivot: 1.27956Support: 1.27445Preferred Case:Prices are consolidating in a bullish wedge pattern. We see potential for a climb from our Pivot at 1.27956 in line with 61.8% and 161.8% Fibonacci Projection towards our 1st resistance at 1.28537 in line with 127.2% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.27445 which is an area of Fibonacci confluences.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-or-bullish-momentum"
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