Yesterday, the Canadian dollar completed a 50% correction of the upward movement from July 23 to August 1. The signal line of the Marlin oscillator began to slow down near the zero line, indicating a potential reversal. The MACD line continues to point confidently upward.

2–3 bullish daily candles could confirm this. The first upward movement is expected to reach the 1.3810–1.3860 range. After that, the next target will be 1.3958.

If the price consolidates below yesterday's low at 1.3720, the decline may be limited to the deeper 61.8% Fibonacci level, or slightly lower, near the balance line.

On the four-hour chart, the price is reversing gradually. The Marlin oscillator is also slowly attempting to exit negative territory.

Bullish positions will significantly improve once the price rises above the MACD line (1.3784), at which point Marlin will also move into positive territory.