USDCAD remains under selling pressure after losing the 1.4160 support area and is now trading below both the EMA34 and EMA89 on the H4 timeframe. The sequence of lower highs and lower lows shows that sellers are controlling the short-term trend, while recovery attempts continue to be absorbed quickly.
If price remains below the 1.4160–1.4170 region, the decline could extend toward 1.4100 and potentially lower if bearish momentum strengthens. To reverse the current outlook, buyers need to reclaim the broken resistance zone quickly and maintain price above it.
If price remains below the 1.4160–1.4170 region, the decline could extend toward 1.4100 and potentially lower if bearish momentum strengthens. To reverse the current outlook, buyers need to reclaim the broken resistance zone quickly and maintain price above it.
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