USD/CAD 4-Hour Technical & Fundamental Analysis
USD/CAD has dropped below a key support level, pressured by both technical and fundamental bearish drivers as the U.S. dollar weakens and the Canadian dollar gains strength. The 4-hour chart structure shows a potential distribution phase followed by a liquidity grab, signaling smart money manipulation before a possible continuation to the downside.
Price broke down below the minor support at 1.36800, triggering short entries. However, a sharp reversal followed, hunting stop-losses and liquidating early sellers. This false breakout indicates a manipulation phase, where price seeks liquidity before choosing direction.
If the price closes below 1.36700 with a solid 4H candle body, it confirms bearish intent and opens the door for a continuation down to the next key support, aligning with broader USD weakness and CAD strength.
USD/CAD has dropped below a key support level, pressured by both technical and fundamental bearish drivers as the U.S. dollar weakens and the Canadian dollar gains strength. The 4-hour chart structure shows a potential distribution phase followed by a liquidity grab, signaling smart money manipulation before a possible continuation to the downside.
Price broke down below the minor support at 1.36800, triggering short entries. However, a sharp reversal followed, hunting stop-losses and liquidating early sellers. This false breakout indicates a manipulation phase, where price seeks liquidity before choosing direction.
If the price closes below 1.36700 with a solid 4H candle body, it confirms bearish intent and opens the door for a continuation down to the next key support, aligning with broader USD weakness and CAD strength.
