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USDCAD – Bearish Structure, Rally into Resistance?

USDCAD remains overall bearish, trading within the descending structure marked by the red trendline.

Price is now approaching a key confluence area:
the intersection of the upper red trendline and the blue resistance zone.

⚔️As long as price holds below this intersection, we will be looking for trend-following shorts in line with the broader bearish momentum.

A clean break above this resistance cluster would weaken the bearish outlook.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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