
The USD / CAD pair is trading on the daily frame within the negative harmonic model under formation, and we are waiting for the first possible reversal levels of the negative shark model ( PRZ 1 ) at the levels of 1.3890, and in case of a downward bounce from these levels, we expect a fall to the Fibonacci retracement levels of 50% at 1.3650, but in case of a break through the levels of PRZ 1, we expect a fall from the following levels of reversal ( PRZ 2 ) near 1.4000, from which we target a fall to the Fibonacci retracement levels of 61.8% as a target the final is near 1.3640, as for the stop loss and model failure levels, they are closing above the levels of 1.4050 .