My Thoughts On USD/CAD

In my anaysis of USD/CAD, Price has retraced to the .618 and is currently exhausted at Monthly Resistance. The Daily Chart confirms with 2 Doji's at this area. Price should continue the Bearish Trend. moving toward Monthly Support. Price should break Monthly Support then retesting to continue trend to the Weekly Resistance, where price should break and retestthis area moving toward the .618. USDCAD