Resistance: 1.0284 moderate/1.0304 minor/1.0331 minor Support: 1.0257 strong/1.0237 moderate/1.0210 minor USDCAD is generally bullish with 4-Hour Dragonfly Doji (Bear) occurring near a strong support level at 1.0257, the Pivot Point. With the pivot directly beneath us a close under 1.0257 has to be seen before jumping short. The immediate object will be 1.0237 break of which suggest you have a tanking market with 1.0210 as its target. Stops should be placed above the Pivot Point or
Excerpt from:
USDCAD Dragonfly Doji (Bear) 4-Hour Chart
