USDCAD, H4 facing bullish pressure, potential for a bounce

Price is facing bullish pressure as MACD is holding above the 0 line and price has also just seen a bullish breakout from the descending trendline resistance-turned-support. We could see price pull back to our Pivot, in line with our 50% Fibonacci retracement, 78.6% and 127.2% Fibonacci extension and horizontal swing low support, before further upside towards our 1st Resistance, in line with 50%, 100% Fibonacci extension levels and horizontal swing high resistance.