I see 3 different fib patterns. The light blue completed when usd/cad reached 108.75 last night. this setup the next leg (dark blue fib), which would give us a price target of 108.00. If you look back further we will see a longer term fib move (light green). the 108.60-90 is a key area. if it breaks below, we have room for this to drop all the way down to 106.00
yeah, it's 80 pips :). the green one is longer and could take a few days. the blue would be more like the next 24-48 hours
we need to see a break through this 1.0870 level to support this move down to 1.0800