Let's look at USD/CAD, which has finally reached the expected minimum so accurately that the price worked it out point by point and bounced back. What could this mean? It is very likely that buyers were making a last effort to push the price down, but this can only be confirmed if the price follows a scenario similar to the red one shown, which could lead to a move towards 1.3800 today. In reality, a move towards the 1.3800 area would actually signal a more precise price increase.
