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Figure Heloc 
The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3785 region, or the 50% Fibonacci retracement level of the December-January upswing, and trades with a negative bias for the fourth straight day on Thursday.
💡 DMK Insight
The USD/CAD pair’s inability to hold above 1.3785 is a red flag for bulls. This level, acting as a 50% Fibonacci retracement from the December-January rally, should’ve provided support, but the continued negative bias suggests underlying weakness. Traders need to watch for further declines, especially if the pair breaks below recent lows. A sustained move below this level could trigger stop-loss orders and accelerate selling pressure, potentially targeting the next support around 1.3700. On the flip side, if the pair manages to reclaim 1.3785, it could signal a short-term reversal, but that seems unlikely given the current trend. Keep an eye on broader market sentiment and any economic data releases that could impact the CAD, as these will likely influence USD/CAD movements in the coming days.
📮 Takeaway
Watch for a break below 1.3785 in USD/CAD; a sustained move could target 1.3700 next.
