FX.co ★ USD/CAD H4 | Neutral Bias

The USD/CAD chart suggests a neutral bias with a focus on price fluctuating between the 1st resistance and the 1st support levels. Here are the key support and resistance levels:

Resistance Levels:

The 1st resistance level at 1.3525 is identified as a "Pullback resistance". This level could act as a barrier to further upward movement.

The 2nd resistance level at 1.3554 also labeled as a "Pullback resistance". It represents another level where selling pressure could emerge and hinder the price from moving higher.

Support Levels:

The 1st support level at1.3477 is a significant support zone, marked as a "Pullback support". This level may attract buying interest and potentially act as a floor for the price.

The 2nd support level at 1.3442 is labeled as an "Overlap support". It serves as an additional support zone where traders might consider entering long positions.