Any thoughts on USDCAD?

it might be possible that price is going to drop here, but before it drops, it seems like price might still bullish towards the supply on price 1.29334 which is on the horizontal line, and according to the fibonacci extension price might supply on level 1.618 or exceed to supply on level 2.618 which is price 1.29848...however please note, its just my thoughts on it, notice this on the White Vertical Line, on 20 Aug, price dropped heavily due to supply on the horizontal line, so what does this mean, will price head for the touch on the horizontal line than proceed the drop from there again? Trade safely please, anything can happen on the market always keep your eyes open, and remember to check the smaller time frames for entry points if you know how too.