Here's a look at USD/CAD in 4-hour: The pair has put in a V-shaped bottom, and is currently gradually working its way through various "necklines" or horizontal pivots, giving it the shape of a slightly skewed inverse head-and-shoulders.The RSI has managed to get to 60 and has stalled there. That could be interpreted as the either the pair getting ready for a further downward continuation swing, or as a sign that the bulls of the pair are trying to wrestle control away from the bulls, in which case the RSI should move towards 70.If the pair heads upward, then we can look for several resistance zones to the topside including: the 200-ema/pivot at 1.0355, the 50% fib, the 200-sma and then the 61.8% fib retracement at 1.0410.If however, the pair heads downward, the key support levels to watch will be 1.0275 and 1.0220.You can see the bullish and bearish scenarios in the image. Look at the USD/CAD's current price action (and how the set-up above went) by clicking below:- Nick