USDCADUS Dollar vs. Canadian DollarFX:USDCADHAMED_AZHello Traders! 👋 What are your thoughts on USDCAD? USD/CAD failed to break above its resistance zone and was rejected, triggering a decline that led to the breakdown of its short-term ascending trendline. The pair is now trading below this broken trendline, suggesting that bearish momentum remains in control. From here, price is expected to continue its corrective rebound and complete a pullback into the highlighted resistance zone. As long as USD/CAD remains below this resistance area, the broader outlook stays bearish, with the downside targets shown on the chart remaining in focus. A confirmed daily close above the resistance zone would invalidate the bearish scenario and signal that buyers have regained control. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️