USDCAD has twice tested the 50% retracement level from the high. With new tariffs on canada from the US we may now have the fundamentals to break the level to open the door to the 618 retracement. Price has cleared above the yearly pivot pivot with the quarterly r1 and 50% as the only hurdle acting as resistance. The Quarterly R2/618 level would make a great level for target and also zone for a possible major reversal.