usdcad 4h chart
The price is currently moving in the Fibonacci retracement range of the last upward wave, where the decline reached the 61 Fibonacci level, then the price has returned to the top once more, which indicates the possibility of the price correction ending and its upward trend again
However, the upside trend has not yet been confirmed as it is necessary to wait for the breach of the 23 Fibonacci level and trade above it again
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