The USD/CAD is getting near the 61.8% Fibo again

The recent rally on the USD/CAD is really a pullback or retracement of the drop from the 1.1275 level to the 1.0620 level, just as it is shown on the chart below. At the moment, we can see that the price is getting near the 61.8% Fibonacci Retracement around the 1.1025 level. Usually, when the price retraces a 61.8% it tries to change direction, but if the price continues rising, it may visit the 76.4% Fibo, which is also a good support or resistance zone.