FX.co ★ USDCAD, H4 | Ranging momentum?

The USD/CAD chart is currently indicating neutral momentum, with the price potentially moving between the 1st resistance and 1st support levels.

On the support side, the 1st support level is at 1.3317, an overlap support level that corresponds with a 78.60% Fibonacci retracement. This level may provide support if the price declines.

Another intermediate support level is at 1.3239, a swing low support level that may offer additional support if the price continues to drop.

Regarding resistance levels, the 1st resistance level is at 1.3414, identified as an overlap resistance level. This level may provide resistance if the price rises.

Additionally, a 2nd resistance level at 1.3534 coincides with a 61.80% Fibonacci retracement and is identified as a pullback resistance level. This level may offer stronger resistance if the price continues to rise.