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USD / CAD reached dynamic Fibonacci levels

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Our expectations: The long-term upward movement has reached dynamic resistance

SL: 1.35200

Comment:

The technical diamond figure, which set the rise of the upward weekly trend, was 100%.

The price is very important for a diagonal monthly level that can be tested.

The pair reached key resistances: Fibonacci's 61.8% built on the previous monthly downward trend and 23.6% on Fibonacci on the upward trend month.

DeMarker turns below 0.7, which is a sign of a decrease.

To confirm, I would wait for the formation of a reversed formation from the Japanese candles, and SL would put it behind the Fibonacci levels.

Alternative Scenarios:

Driving the diagonal monthly line and not the possibility of the price reaching the line of channel one, the technical figure wedge is triggered. It is possible that at these levels the price does not form a Japanese peak formation and breaks Fibonacci levels, where we will look for T2 of diamond 200% and T1 of 100%.

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