FX.co ★ crystal66 | USD/CAD

Hello traders, I haven't analyzed the USD/CAD pair on the daily timeframe yet. As it turns out, there is something interesting to see. I noticed a potential Fibonacci retracement for the entire decline from the peak that started a few months ago. Immediately, I identified an internal pattern with a rise to the 38.2% resistance, followed by a pullback to the 14.6% support level and an additional capture of 9%. Within this internal pattern, a corrective rise should occur towards the target level of 61.8% at a rate of 1.3880. The price is currently correcting within the day, needing a bit more upside movement to break through 1.3760. This level is key on the four-hour timeframe. Overall, I predict an increase in USD/CAD within this correction.