USDCAD 4H – Supply Zone ReactionUS Dollar/Canadian DollarFX:USDCADFrankAgboUSDCAD is currently testing a well-defined 4H supply zone around 1.3700 – 1.3740, which has previously acted as strong resistance. Price has tapped into this area multiple times and is showing signs of rejection with slowing bullish momentum. 🔎 Key Observations: Clear range structure between 1.3500 – 1.3700 Equal highs forming near resistance (liquidity resting above) Previous impulsive move down originated from this zone Momentum weakening as price revisits supply 📉 Bearish Scenario: If we see confirmation (lower high on lower timeframes / bearish engulfing / break of minor structure), I’m targeting: 1.3600 (minor support / mid-range) 1.3500 – 1.3520 (major demand zone & range low) A sweep above 1.3740 followed by rejection would strengthen the bearish bias. 📈 Bullish Invalidation: Clean 4H close above 1.3740 – 1.3760 could open continuation toward 1.3870 (previous high liquidity area). This is a high-probability reaction zone. Patience for confirmation is key — no rush entries. What’s your bias on USDCAD here — breakdown or breakout? 👇