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The SUIUSD daily chart indicates the asset has initiated a corrective fourth wave bounce, following a preceding downward third wave. This bounce has successfully reached the first critical resistance at the 23.6% Fibonacci retracement level, approximately $1.67. This validates the fourth wave structure, which was important as a failure to bounce would have implied a simple extension of the third wave. The resistance area for this fourth wave is defined between $1.67 and $2.21. The speaker notes that the 38.2% Fibonacci retracement level, at $1.95, represents an ideal target for this upward corrective movement. After the completion of this fourth wave, the analysis anticipates a subsequent fifth wave to the downside. The primary target for this bearish fifth wave is projected around $1.07-$1.08, with potential extensions to $0.91 or $0.69, based on 138.2% and 161.8% Fibonacci extensions respectively. An hourly chart review of the recent bounce showed a double/triple bottom pattern, indicative of short-term strength but also suggesting underlying weakness within the broader downtrend. A micro-support area for the current rally is identified between $1.48 and $1.56, and a break below $1.48 would be an early indication of a local top for the bounce. The overall long-term pressure remains downward.