USDCAD Bearish Harami 4-Hour Chart

Resistance: 1.0285 moderate/1.0330 minor/1.0364 minor Support: 1.0251 strong/1.0206 moderate/1.0172 minor USDCAD is generally bullish with the Bearish Harami occurring near a strong support level at 1.0251, the Pivot Point. As such it would be best to consider shorting only if we have a close below 1.0251 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 1.0206, possibly on to 1.0172 if the former gives way.

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USDCAD Bearish Harami 4-Hour Chart

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