Type:Bullish BounceKey Levels:Resistance: 1.28479Pivot: 1.27396Support: 1.26503Preferred Case:With prices moving above the Ichimoku cloud, we see the potential for a bounce from our pivot at 1.27396 in line with Horizontal overlap support and 23.6% Fibonacci retracement towards our 1st resistance at 1.28479 in line with horizontal swing high resistance and 127.2% Fibonacci extension .Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.26503, in line with 61.8% Fibonacci retracement and horizontal overlap support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-i-potential-rise31"
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