USDCAD – Bearish Structure, Rally into Resistance?

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USDCAD – Bearish Structure, Rally into Resistance?United States Dollar vs Canadian DollarTICKMILL:USDCADTheSignalystUSDCAD 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