USD/CAD Trapped Between Arc Levels

The USD/CAD is navigating between two Arc levels according to an analysis of the 4h chart. The price is oscillating between the 0.618 Arc and the 0.786 Arc within the current Arc Cycle, a mid-cycle consolidation phase toward the lower Arc level.

Based on this analysis, if momentum continues, the preferred scenario is continued movement toward the Target Price at 1.375. However, a sustained 4h close back above the 1.390 price would invalidate the continuation scenario and could shift the outlook toward the Previous Arc Cycle.