USD/CAD FIB IDEA

The move up from 7th Jan completed on 19th March and has since retraced to the FIB 76.4% level. I now think that is the low of that move down and it has started it's move back up. Using the FIB tool to project the possible target, I think it will be the 61.8% FIB retrace level of the move down from 19th March.
Chart Patterns

Penafian