USDCAD | Possible Reaction From Supply ZoneU.S. Dollar / Canadian DollarFOREXCOM:USDCADJabu_Souls07As we kick off the new week, price action on USDCAD is currently reacting around a higher timeframe Supply Zone after an extended bullish leg from the recent equal lows (EQL). The pair has pushed into a premium pricing area, which often aligns with potential distribution zones where institutions may seek to offload positions. We can observe a clean Break of Structure (BOS) to the upside, followed by a mitigation of imbalance (IMB). However, the recent rejection wicks within the supply zone may hint at early signs of exhaustion. If price respects this supply area, we could see a move back toward the Hidden Base or Discount Zone, where fresh demand might step in. The area between 1.3690 – 1.3600 marks an interesting Major Demand Zone, which could serve as a re-accumulation point if bearish order flow takes over. At this stage, it’s important to remain patient and observe how price behaves — whether the supply holds or if buyers manage to break through and continue the uptrend. This is not a trade idea, just a possible outlook based on structure, liquidity, and supply-demand dynamics.