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SUIUSD has reached a key support area, specifically the 78.6% Fibonacci retracement. The current price action suggests a potential consolidation or triangle formation as part of a wave four, or the completion of an A-wave within a larger ABC correction. The speaker outlines two primary scenarios: either a B-wave rally will commence from current support levels, or the price will dip for one more low (potentially to the 88.7% Fib retracement at $1.37) before initiating the rally. The anticipated B-wave rally is projected to target resistance zones between $1.57-$1.62, with a further extension towards $1.70-$1.87. A break above the $1.61-$1.62 resistance level would confirm the upward movement, while a drop below $1.37 would invalidate the immediate bullish outlook.