USD/CAD Technical Analysis

Jul 2

� USD/CAD Technical Analysis 📉🔍
🏷️ Bearish Rejection at Major Resistance

USD/CAD has rejected a strong resistance zone (1.4230–1.4250) after failing to establish a higher high. Price is now showing signs of weakening, suggesting that sellers are gaining control. The previous bullish momentum has faded, and the market is beginning to form a short-term bearish structure.

📊 Key Technical Outlook
🔴 Strong rejection from the resistance supply zone.
📉 Bullish momentum is losing strength with lower highs forming.
⚠️ A pullback toward the nearby Order Block (OB) is the most likely scenario.
💥 If the first demand zone fails to hold, further downside could accelerate toward the next major Order Block.
🎯 Targets
✅ TP1: Around 1.4155 (First Order Block / Support)
✅ TP2: Around 1.4100 (Second Order Block)
🚨 Invalidation

A sustained breakout and close above 1.4250 would invalidate the bearish outlook and could trigger another bullish continuation.

📌 Bias: Bearish 📉
Strategy: Look for selling opportunities on pullbacks while price remains below the resistance zone.

Jul 2

Trade active

🎯 Trade is playing out exactly as expected. TP is getting closer!
📈 Analysis is running perfectly and moving toward the target.
✅ Market is following the plan. TP in sight!
🚀 Setup remains valid. Target is almost there!
💯 Patience pays—trade is progressing smoothly toward TP.