USD/CAD is in a bullish reverse, in the short-term at least. It will likely face some resistance around 1.28, but let's take a step back and recount the reversal and take note of some things we might see in other bullish reversals.USD/CAD 1H Chart(click to enlarge)Bottom:- Note that price kept making lower lows all the way until 4/17. - However, price was able to rebound to 1.2620 several times. So, we saw this as a market in consolidation despite the new low on 4/17. - Now, look at how the 1H RSI missed 30 on 4/17. This first suggested a lack of bearish momentum.- Then, price was able to rebound and eventually push price above the key resistance at 1.2620 - a bullish reversal signal in it of itself. - We also saw the RSI push up and tag 70. This shows some bullish momentum, and is a strong signal when juxtaposed to the RSI failing to tag 30 earlier.- Then, price retreated from 1.2660. This also gave a strong bullish reversal confirmation.- Note how price held above the 100- and 50-hour simple moving averages, and eventually held above the 200-hour SMA as well. These are all signs that bulls are taking control.Resistance Ahead:- Furthermore, the fact that the RSI held above 40 also reflects maintenance of the newly generated bullish momentum.- The 4H below shows the bullish reversal, but also a market that might not know what it wants to do. - Despite the recent bullish push, the overall trend has been bearish, as price trades under the 200-period SMA in the 4H chart.- In this unclear market, we should anticipate some resistance around 1.28-1.2830. This area involves a previous support/resistance pivot area as well as the 200-period SMA. USD/CAD 4H Chart(click to enlarge)